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
