HS Listing ID-73695
Description:
This established residential electrical contractor has served North Carolina’s Research Triangle since 2012. Its schedule is driven almost entirely by referrals, and demand exceeds capacity. One two-person field crew produced $562,560 in revenue and $265,197 in SDE in 2023, a 47% margin. 2024 year-to-date SDE of $277,698 has already passed all of 2023.
Seeking a licensed master electrician buyer. The owners would like to pass the business to another master electrician who can step in as the qualified license holder. Holding an NC Limited or Unlimited license would also open commercial and new construction work from day one.
The company offers service and repair, panel upgrades, remodel and addition wiring, standby generator installs, and code and safety corrections for homeowners across six counties, with a concentration in affluent areas full of aging, high-value homes. It holds a 4.9-star rating, ranks in the top 5% of NC contractors on BuildZoom, has won local “Best of” awards, and has no customer concentration. It has never used paid marketing and books 4 to 6 weeks out.
Overhead is very low: there is no facility lease, the fleet (box trucks plus a recent Ford Transit) and roughly 3,000 breakers’ worth of inventory are owned free and clear, and a licensed CPA keeps the books. The owners handle estimates and the office only and are not on the tools. An experienced, inspector-trusted lead electrician runs every job.
There is significant room to grow. The business does no commercial or new construction work today. Other paths include adding crews, paid marketing, EV chargers and maintenance plans.
Deal terms: Asset purchase at an asking price of $800,000, about 3.0x 2023 SDE. Vehicles, inventory, tools, brand, phone, website and customer list are included. SBA 7(a) financing is expected, and seller financing is open to discussion. The owners are retiring and will provide structured training and introductions to inspectors. The buyer will need its own NC license or a hired qualifier.
NDA, proof of funds or SBA pre-qual, and a licensing plan are required before the owner call. Please do not contact the business directly.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
