Established in 2007, this company represents an exceptional opportunity in the electrical contracting sector. With a consistent history of growth and profitability, the business secures over 90% of its revenue from repeat clients. Known for its deep experience, it is comprised of apprentice, journeyman, and master electricians and specializes in commercial projects with unique, high-tech equipment. The business prides itself on quality craftsmanship, timely completion of projects, and a strong competitive position within the industry. With a solid foundation, an impressive client list, and significant growth potential, the company is poised for further expansion under new ownership. The current owners are committed to ensuring a smooth transition to support the continued success of the business by staying on board for up to a full year.
Industry Overview: The electrical contracting industry is integral to the construction sector, providing essential services for commercial, residential, and industrial projects. Despite economic fluctuations, the industry shows resilience with steady demand driven by construction growth, renovation projects, and increasing technological and green energy solutions. According to industry analysis by IBISWorld, the electrical contractor sector is expecting to see continued growth as innovations and building standards evolve.
The company is strategically positioned for substantial growth. Expansion opportunities are abundant, especially through extending the service area geographically to encompass Northern Colorado and potentially adjacent states. Additionally, investing in further personnel training and increasing the workforce can enable the business to capture a larger share of the market by undertaking additional projects. Implementing an enhanced marketing strategy and leveraging new bidding websites could also significantly boost project acquisition and overall revenue.
Operating from a home-based setup since 2013, the company has maintained a lean operation with a shop on the premises that supports both administrative and operational activities. This arrangement has contributed to the business's flexibility and cost efficiency, playing a crucial role in its profitability. Its shop location in Colorado Springs positions it well to serve a broad range of clients across the Denver areas and beyond, offering a strategic advantage for servicing a vast geographic area.
