• Company: Profitable, well-established Electrical company with 36 years of history – Leader in the area it operates
• Consistent Revenue/Profitability – Last year (YE Oct-2024) revenue at around $1.92M and seller’s discretionary earnings (SDE) approximately $221k. The average SDE for the last 3 years (Y2022-2024) was around $230k
• Loyal Client base: Due to great reputation, strong/long relationship with clients. Recurring revenue represent 40% of the total revenues – approximately 50% are repeat service clients
• Revenues: Market segments: Residential Services, Commercial Services/New constructions, Residential Remodeling and Generators (sales/installations/services)
• Geographical Coverage: Most of the installations/service work is in Simcoe County, but new commercial construction and generator sales/services would encompass a larger catchment area to draw from. Approx. boundaries: North to Orillia and Muskoka over to Collingwood, South to Newmarket, West to Shelburne and east to Keswick.
• Growth Opportunities: Exist by building out and expanding the residential services and by implementing a more aggressive advertising/marketing to expand the client base
• Staff: Owners included – a non-unionized staff of 9 full-time employees with one employee who can take over owner’s duties.
• Owner’s Role: Oversees the business aspects such as lead generation for construction tenders daily. Monitors field workload across company, monitors Service Technical Manager workload with this manager, observers and listens to field staff’s concerns at morning meetings to ensure they are happy and looking for efficiencies to implement. Reviews and confirms overall AR revenue is invoiced on time and received on time each month from accounting reports for the service and construction departments. Looks for leads and sales opportunities. Chooses the construction tenders the company will tender. Assigns tenders to staff or himself to quote.
• Marketing: Most of current revenues are generated through existing clients and referrals with monthly marketing by a hired 3rd party marketing company.
• Smooth Transition: Owner is planning to retire, hence looking to sell the business – Willing to stay on board for 6 months or more (negotiable) period to assist with the transition of the business
• Assets Included: Vehicles, Equipment, Tools and Inventory (as per seller, valued at $614k)
• Financing Flexibility: Seller is open to consider seller financing option for serious and qualified buyers only
