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37628 - Highly Profitable C&i Electrical Contractor For Sale

Southern Colorado, Colorado, US
Asking Price:
$1,680,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$2,899,063 (USD)
Cash Flow:
$947,000 (USD)

We are a full service commercial and industrial electrical contractor providing design, installation, upgrade, and repair and maintenance solutions to companies and, to a much less extent, residents throughout southern Colorado. We have developed strong strategic alliances with numerous customers and strive to develop and maintain our status as a preferred service provider to each of our customers. We are profitable in our slow years and very profitable in our busy years, which are usually associated with one or more large contracts. For the four years ended December 31, 2018 our seller’s discretionary earnings were as high as $1.8 million and as low as $276,000 and averaged $825,000 and our seller’s discretionary earnings margin was as low as 19.1% and as high as 38.6%, again a fairly wide annual range, and averaged 28.4%. Management attributes the margin variability to maintaining operating expenses at a constant dollar level while sales benefit from large fixed-price contracts during our busy years. Management expects sales to decrease from $2.9 million for the year ended December 31, 2018 to $2 million for the year ended December 31, 2019 due to the expiration of one fixed-price contract and seller’s discretionary earnings to decrease to $517,000, or to a seller’s discretionary earnings margin of 25.9%. We believe our reputation for responsiveness and quality work, local presence, safety leadership and financial strength have resulted in strong relationships with numerous customers and have positioned us to take advantage of future opportunities.

Property Information

Real Estate:

Lease

Business Operation

Reasons for selling:

Approaching retirement and/or pursuing other interests.

Trading hours:

Monday to Friday from 8:00am - 5:00pm

Employees:
8 nonunion.
Years established:
2005

Other Information

Support & training:

6 months.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Financing negotiable for right buyer.

Furniture / Fixtures value:
$275,587 (USD) - included in the asking price

Contact Information

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