Electrical Contractor 32 yrs, $2mm Net Inc. OC

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Background

BizEx ID:BizEx1292-EM
General Location:Orange Co, CA
Category: Construction
Special Trades
Years in Business:32
Under Present Owner:32
Hours of Operation:7:00 am - 5:00 pm, M-F
Owner Hours:7:00 am - 4:00 pm, M-F
Training:8 weeks @ 20 hours
Organization Type:S-Corp
Lease Expiration:Seller owns Property
Lease Options:Yes
Building Size:2,500
Employees:66
Reason for Sale:Retirement

Financials

Asking Price:Call
Down Payment:Negotiable
Gross Sales:$10,000,000
Discretionary Cash Flow:$2,300,000
FF&E:$143,000
Inventory Included?Yes
Inventory:TBD
Min. Operating Capital:TBD
Real Estate Available?Yes
Rent:$4,500
Payroll:$350

2019 2018 2017
Gross Sales $ 9,981,205 $ 10,872,210 $ 8,834,512
Gross Profit $ 3,981,212 $ 4,162,578 $ 3,452,454
Disc. Earnings $ 1,901,301 $ 2,279,992 $ 1,837,989

Description

One of Orange County's Largest Electrical Contractors - Residential and Commercial . 

Since 1987, this electrical contracting company has served the greater Orange County area, building a large, loyal and diversified customer base. 

With a strong presence in both the residential and commercial markets, this company generates about $10,000,000 in annual revenue, with around $2,000,000 in net income. This is accomplished with virtually no current marketing or advertising done, other than its large fleet of branded service vehicles.  

This company has a solid, strong management team in place and employees about 70 well-trained, certified electrical technicians, most of whom have been with the company long-term. The owner oversees the operations and is willing to train a new owner and possibly stay on post-close for a negotiated period of time.

After 32 years in business, this company secures a strong niche in the market and can handle virtually any project from high-end residential construction, commercial and industrial jobs and all service calls. 

Growth Opportunities include branching out to surrounding counties using their stellar reputation, large staff and strong operations.  

For more information please register and complete the Non-Disclosure Agreement at https://www.bizex.net/buy-business/register.

Eric Mellem, BizEx Business Broker, (310) 293-6414, emellem@bizex.net


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Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.




Eric Mellem
Business Broker/ M&A Advisor
4551 Glencoe Ave. #210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 01220802




Cody King
M&A Advisor
4551 Glencoe Ave., Suite 210
Marina del Rey, CA 90292
Office: (310) 882-2200 ext 134
Direct: (805) 616-9488
Lic#: 01942507

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations