Well-established full service electrical contractor offering design, installation, repair and troubleshooting to commercial, industrial, municipal and residential customers. The company has an outstanding reputation for quality work, excellent service, value, safety and integrity. The company has a large customer base which generates a significant amount of repeat business. The owner has identified a number of additional revenue and profit growth opportunities for a new owner. 2023 revenue was $5,058,000, up from $4,795,000 in 2022. 2023 adjusted EBITDA was $1,419,000, up significantly from $847,000 in 2022.
The company has 16 highly trained non-union employees comprised of 14 electricians and 2 administrative employees. The company leases two adjacent buildings from a related party which serve as the company's headquarters, supply warehouse and equipment storage. The real estate is available for lease, or can be purchased in a separate simultaneous transaction. After working in the company for over 40 years, the President would like to transition the company to a new owner and retire following an orderly transition of up to one year. Contact the broker for a one-page summary and NDA to receive a copy of the 22-page marketing memorandum prepared for the company.
