50 Year Old Electrical Contracting Business for Sale in GTA

Business Overview

  • Established Legacy: Reputable and profitable electrical contracting business in the Greater Toronto Area (GTA) operating for more than 50 years
  • Diverse Portfolio: Business provides comprehensive electrical solutions for commercial, industrial, and residential needs

Deal Highlights

  • Inclusive Assets: Purchase price includes Inventory, Equipment and Vehicles valued approximately at $136,000
  • Flexible Financing: Limited seller financing available for qualified buyer(s)

Financial Snapshot 

  • Robust Revenue: Following the challenges of COVID-19 the business has shown steady year-on-year growth. The revenue for 2023 is approximately $592,000 (2022 – $530,000)
  • Strong Earnings: Demonstrated multi-year track record of profitability, with the owner’s discretionary earnings for the period ending November 2023 at approximately $225,000 (2022 – $223,000)

Human Resources

  • Workforce: Business has a non-unionized staff of 3 FT employees and 1 PT employee including the owner
  • Owner Roles: Owner is currently responsible for Fieldwork, Oversee operations, Manage client relationships and staff

Competitive Strengths & Opportunity

  • Organic Growth: 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
  • Growth potential: The 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

Transition & Future

  • Smooth Handover: Current owner is willing to stay for a reasonable period to ensure a seamless transition
  • Buyer Profile: Ideal buyer would need to have some experience in the electrical trade industry