Residential Electrical Contractor, Semi-Absentee, $1.5M+ EBITDA
Business Description
Established residential electrical contracting business in eastern Kansas generating over $1.5 million in adjusted EBITDA on more than $8 million in annual revenue, with a licensed master bench on staff and ownership already out of the daily field work.
The company performs new-construction rough-ins, trim-outs, and service work for a broad base of national, regional, and local homebuilders, supported by a dedicated service department and light commercial and underground capability. Work is awarded at the subdivision level rather than bid lot by lot, so a single builder win carries a multi-year production run. Builder relationships are long-standing and spread across many accounts rather than concentrated in one, and the company holds a substantial electrical material position that lets it hold price and take on volume without waiting on supplier allocation.
Key Financial Highlights
- Adjusted EBITDA: over $1.5M
- Annual Revenue: over $8M
- Earnings scaled with volume while margins held steady, indicating a cost structure that grows with the work
- Balance sheet carries no notes payable, and assets convey free and clear at closing
- Billed on completion with roughly 30-day collection terms and no retainage held
Operational Overview
The field runs through a full bench of foremen with territory split across the market, plus long-tenured subcontract crews who work exclusively for the company. Ownership is not in the daily field work and is engaged primarily in bidding and builder relationships. Master electrician licensing is held on staff independent of ownership, so the qualification bench exists rather than needing to be hired. An owner-built estimating model with preloaded standard bids, purchase order history, and vendor accounts across multiple supply houses conveys with the business. Ownership has committed to joint introductions to top builder accounts during the transition and has offered to remain in a sales and bidding capacity after closing with no stated time limit.
Growth Opportunities
- Build out the existing service division, which is deliberately underbuilt today because bidding and production absorb ownership's available hours
- Expand into an adjacent metropolitan market across the state line that the company has never worked, using existing crews, material, and estimating systems
- Add field capacity against work already awarded but not yet started
- Capture finishing and add-on work homeowners in the company's own subdivisions currently give to other contractors
- Grow light commercial alongside the core residential book
Reason for Sale
Ownership is not retiring and there is no distress behind the timing. After more than two decades, ownership wants to hand off the administrative and employer side of the business while remaining involved in bidding and builder relationships under new ownership.
Ideal Buyer Profile
This suits a trades platform buyer or an operator who can hold or retain the licensing and step into the commercial seat rather than the truck. The constraint on growth here has been ownership's available hours rather than demand, so a buyer with capacity to add crews and open the adjacent market inherits identified upside rather than a turnaround.
Confidentiality
This is a confidential sale. Employees, customers, builders, and vendors are not aware of ownership's intent to sell. The company name, exact location, and detailed financials are disclosed to qualified buyers following execution of a non-disclosure agreement and verification of financial capability. Buyers are asked not to contact the business, its staff, its builder customers, or its landlord directly.
For more information on this opportunity, including detailed financials, operations, and transaction details, please submit a business inquiry.
The company performs new-construction rough-ins, trim-outs, and service work for a broad base of national, regional, and local homebuilders, supported by a dedicated service department and light commercial and underground capability. Work is awarded at the subdivision level rather than bid lot by lot, so a single builder win carries a multi-year production run. Builder relationships are long-standing and spread across many accounts rather than concentrated in one, and the company holds a substantial electrical material position that lets it hold price and take on volume without waiting on supplier allocation.
Key Financial Highlights
- Adjusted EBITDA: over $1.5M
- Annual Revenue: over $8M
- Earnings scaled with volume while margins held steady, indicating a cost structure that grows with the work
- Balance sheet carries no notes payable, and assets convey free and clear at closing
- Billed on completion with roughly 30-day collection terms and no retainage held
Operational Overview
The field runs through a full bench of foremen with territory split across the market, plus long-tenured subcontract crews who work exclusively for the company. Ownership is not in the daily field work and is engaged primarily in bidding and builder relationships. Master electrician licensing is held on staff independent of ownership, so the qualification bench exists rather than needing to be hired. An owner-built estimating model with preloaded standard bids, purchase order history, and vendor accounts across multiple supply houses conveys with the business. Ownership has committed to joint introductions to top builder accounts during the transition and has offered to remain in a sales and bidding capacity after closing with no stated time limit.
Growth Opportunities
- Build out the existing service division, which is deliberately underbuilt today because bidding and production absorb ownership's available hours
- Expand into an adjacent metropolitan market across the state line that the company has never worked, using existing crews, material, and estimating systems
- Add field capacity against work already awarded but not yet started
- Capture finishing and add-on work homeowners in the company's own subdivisions currently give to other contractors
- Grow light commercial alongside the core residential book
Reason for Sale
Ownership is not retiring and there is no distress behind the timing. After more than two decades, ownership wants to hand off the administrative and employer side of the business while remaining involved in bidding and builder relationships under new ownership.
Ideal Buyer Profile
This suits a trades platform buyer or an operator who can hold or retain the licensing and step into the commercial seat rather than the truck. The constraint on growth here has been ownership's available hours rather than demand, so a buyer with capacity to add crews and open the adjacent market inherits identified upside rather than a turnaround.
Confidentiality
This is a confidential sale. Employees, customers, builders, and vendors are not aware of ownership's intent to sell. The company name, exact location, and detailed financials are disclosed to qualified buyers following execution of a non-disclosure agreement and verification of financial capability. Buyers are asked not to contact the business, its staff, its builder customers, or its landlord directly.
For more information on this opportunity, including detailed financials, operations, and transaction details, please submit a business inquiry.
About the Business
- Employees
- A full field organization of foremen, technicians, and long-tenured subcontract
- Facilities & Assets
- Shop, yard, and material warehouse space, plus an owned service fleet. Crews take company vehicles home and stage close to the work rather than at the yard.
- Market Outlook / Competition
- A fragmented market of local electrical subcontractors. Key advantages are subdivision-level awards rather than lot-by-lot bidding, speed and reliability of completion, a material position that insulates against supply and price movement, and jurisdictional licensing already in place across the towns the company works.
- Opportunities for Growth
- Upside exists through expansion of the underbuilt service division, entry into an adjacent metropolitan market across the state line, added crew capacity against work already awarded, homeowner add-on work inside existing subdivisions, and further light commercial volume.
Real Estate
- Owned or Leased
- Leased
About the Sale
- Seller Motivation
- Owner wants to hand off the administrative side and stay in a sales role.
- Transition Support
- A four-week transition period is included in the purchase price. Ownership has separately offered to continue in a sales and bidding capacity after closing with no stated time limit, and will sign a non-compete limited to electrical work within a defined radius.
Listing Info
- ID
- 2540904
- Listing Views
- 7
Listing ID: 2540904 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.
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