- Reputable and profitable electrical contracting business in the Greater Toronto Area (GTA) operating for more than 50 years
- Demonstrated multi-year track record of profitability, with the owner’s discretionary earnings for the period ending November 2022 at approximately $223,000
- Business revenue experienced a decline during the Covid Pandemic. However, the business has shown consistent revenue growth, post-Covid pandemic. Sales have grown approximately 28% Year on Year for 2021 and 2022. Revenue for 2022 was approximately $530,000 and the projected revenue for the period ending November 2023 is over $550,000
- A loyal and organic client base built over the years; the family-owned business currently has over 330 clients in the database and does over 80% repeat business from existing clients
- Business provides comprehensive electrical solutions for commercial, industrial, and residential needs
- Majority of current revenues are generated organically through an existing client base, with no active marketing efforts. There is significant untapped potential for growth by implementing marketing strategies
- Business price includes inventory, vehicles, tools and equipment
- Business has a non-unionized staff of 3 FT employees and 1 PT employee including the owner
- Business owner’s key role is to perform fieldwork, oversee operations, manage client relationships and staff
- Seller financing can be made available for a qualified buyer
- Owner is looking to retire but is willing to stay to assist with the transition of the business
- Ideal buyer would need to have some experience in the electrical trade industry
- Email Us : [email protected]
