Hot Listing
Respected, Multi Decade Electrical Contracting Company
Business Description
Company with a fantastic reputation and high organic search results from decades of reliable and affordable electrical service to the greater Richmond community. Offers a balanced blend of residential and commercial work, with residential work resulting in reliable year-round work and profitability, while commercial jobs add cream on top. Strong residential backlog at present with incremental commercial opportunities on the horizon.
Future operation potential not limited to:
1) growth through more active marketing,
2) passive or active ownership,
3) HVAC combination,
4) opportunity for experienced electrician to significantly increase earnings.
Little to no marketing done at present given the inflow of opportunities trading solely on their reputation. The owner currently works ~3 days per week and regularly fields inquiries generated from company’s decades long history and loyal customers.
Experienced, tenured team handles all fieldwork. Sale will include all requisite and some ancillary FF&E that would support future growth opportunities.
Profitability matched with your choice of lifestyle or growth business.
Future operation potential not limited to:
1) growth through more active marketing,
2) passive or active ownership,
3) HVAC combination,
4) opportunity for experienced electrician to significantly increase earnings.
Little to no marketing done at present given the inflow of opportunities trading solely on their reputation. The owner currently works ~3 days per week and regularly fields inquiries generated from company’s decades long history and loyal customers.
Experienced, tenured team handles all fieldwork. Sale will include all requisite and some ancillary FF&E that would support future growth opportunities.
Profitability matched with your choice of lifestyle or growth business.
About the Business
- Years in Operation
- 35
- Employees
- 4
- Currently Home Based
- Yes
- Facilities & Assets
- Further info available for qualified parties under NDA.
- Market Outlook / Competition
- With a number of commercial and residential firms in the market, the company maintains an impeccable reputation. It has been in the region for decades and receives regular call volume without marketing services to new customers. Company is consistently profitable, with the prior 4 year average EBITDA margin >25%.
- Opportunities for Growth
- SUBSTANTIAL growth opportunities. Minimal marketing is done at present. Calls continue to roll in due to reputation and history of reliable, reasonably priced service. Company has done EV installations but has not actively marketed this. Company has high organic online search results but not paid for any online ads, physical circular marketing, or attended business referral networks.
Great candidate for electrician looking to be their own boss, grow a business, or a HVAC company looking to expand into more electrical service offerings.
About the Sale
- Seller Motivation
- Retiring
- Transition Support
- Seller will provide support following sale: introduction to key relationships, suppliers, customers, customer database, phone numbers, strategy, etc.
- Financing Options
- Possible arrangements for partial financing for well qualified buyers
Listing Info
- ID
- 2176524
- Listing Views
- 3866
Listing ID: 2176524 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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