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Established Profitable Commercial/Industrial Electrical Contractor
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Top Notch Electrical Contractor Ready to Grow Under New Ownership!
This 18-yr old, well established, profitable, non-union commercial and industrial electrical contractor is located in south central Pennsylvania. The location is characterized by a balanced economy containing a good mix of government, commercial, institutional (particularly schools and senior living), and industrial facilities. This diversity contributes to stability and the area is known to be the last into a recession, the first to emerge, and with dampened highs and lows in between. The company has design-build capability and pursues both design-build and competitive bid projects. Sales are approximately 80% new construction and 20% service work spread across a loyal and repeat client base. The company has a strong, well-trained workforce including admin staff, estimators, project managers, electricians, and apprentices. This includes 9 employees with Master electrician licenses and a good number of employees that have clearances to work in schools and government facilities. Safety has been a priority and the company believes it excels in this area.
About the Business
- Years in Operation
- 18
- Employees
- 36 (33 Full-time, 3 Part-time)
- Facilities & Assets
- Includes approx. 37 vehicles of which 8 have been replaced in the last 2 years. Also includes 8 trailers, 3 bucket trucks, 1 Bobcat, 1 forklift, 5 scissor lifts, and numerous other work equipment items. The real estate is available for purchase or lease with the business acquisition. Real estate includes a 3,456-sf office building, 6,232-sf shop building, and a 1,200-sf covered outside storage area. There is another 2,520-sf finished building that could be rented out or used for additional office space.
- Market Outlook / Competition
- The business is located in a secondary market with a strong regional economy and a substantial merit shop orientation. It is centralized in the Mid-Atlantic corridor between Washington and New York and is proximate to both Baltimore and Philadelphia.
- Opportunities for Growth
- Sales could be grown by adding a couple of new additional general contractors to boost new construction work. The substantial service work component ($2 mil per yr) could be formalized with defined maintenance offerings to make it more recurring as opposed to responding to requests on an as needed basis. The design-build capability could be more aggressively marketed. A second company has already been established to provide safety consulting and system diagnostic services and has the potential to drive business to the electrical contracting company including new and existing clients. Would also be a great horizontal expansion opportunity for a company offering HVAC or plumbing services.
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
- Building Sq. Ft.
- 8,200
About the Sale
- Seller Motivation
- Retirement of one of two principal owners.
- Transition Support
- One owner oversees operations and would like to continue to work in the company for the forseeable future. The other primary owner oversees sales, estimating, and administration and would like to retire after a reasonable transition period.
- Financing Options
- Minimal seller financing (10% or less) for qualified buyer.
Listing Info
- ID
- 2490028
- Listing Views
- 42
Listing ID: 2490028 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SalePennsylvania Businesses for SalePennsylvania Business Service Businesses for SalePennsylvania Electr., Mech. & HVAC Contractors Businesses for Sale
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