Commercial Electrical Contracting Business

Strategic Location: This thriving business is strategically situated in the Chicago metropolitan area, one of the largest metropolitan areas in the country.

Service Offerings: The company provides a wide array of services for commercial clients, including industrial up-fits, retail, banking and medical wiring.

Trusted Legacy: With nearly five decades of relationships, this company has cultivated a reputation for excellence and customer satisfaction, with well established commercial accounts and many repeat customers.

Expansion Opportunities: The Chicago metro area has immense growth potential, allowing new owners to capitalize on increasing demand in the immediate and surrounding area.

Loyal Clientele: Benefit from a solid foundation of repeat commercial customers and ongoing projects that reflect the professionalism, trust and loyalty established over nearly 50 years.

Skilled Workforce: With over 12 employees including journeyman, office staff and foremen, the company has a well trained and professional team that is highly skilled and experienced.

State-of-the-Art Equipment: The business comes fully equipped with cutting-edge tools and technology, vehicles, and equipment to ensure that all client electrical needs can be met with the highest standards of quality.

Revenue Growth: Enjoy consistent earnings backed by a proven history of profitability, with abundant opportunities to enhance revenue streams further.

Additional Financial Benefits:
Union Shop: As a participating electrical shop in several local unions, the company enjoys consistent minimum billing rates and access to a large pool of other union employees to assist with large projects.

As a individual union member, the seller enjoys many financial benefits including medical and dental, paid vacations, disability, pension and educational benefits on top of the consistent yearly seller earnings. All total, over $130,000 in added union benefits are enjoyed by the seller annually. Similar scaled benefits are possible for the buyer, should they decide to join the local electrical unions.

Established Online Presence: This Electric company features a professional website, providing a solid marketing and community engagement platform. Additional growth possible by increasing marketing and social media.

Strong Vendor Relationships: Built on nearly 50 years of collaboration, these trusted vendor partnerships ensure the business has access to quality materials and timely deliveries, which is crucial for maintaining service excellence.

Training and Support: A detailed training program and comprehensive handover process will be provided to ensure that you feel confident and well-prepared to take the reins of the business.

Consistent Financials: Access to detailed financial records will be readily provided upon request.

Profitable Operations: This electric company has a proven track record of profitable operations and has demonstrated consistent financial growth. The owner did suffer a health set back in 2023 causing him to be out of work for 60-90 days, which did contribute to lower sales in that one year.

Scalable Business Model: Given the growing demand for electrical services, many opportunities exist to broaden service offerings and capture a larger market share including adding maintenance, expanding into residential, adding sales staff and offering additional services.

Financing: The business is SBA prescreened and pre approved. Because the real estate is also available with the business sale, the amortization term is longer than the typical 10 year business loan terms. Buyers should be prepared to show evidence of financial net worth and liquidity.

As a individual union member, the seller enjoys many financial benefits including medical and dental, paid vacations, disability, pension and educational benefits on top of the consistent yearly seller earnings. All total, over $130,000 in added union benefits are enjoyed by the seller annually.

An electrical contractor licensing is required and the owner will assist in the transition. An executed non-disclosure as well as proof of financial capability is required to move forward.

Down Payment: N/A

Total Sales: N/A

Cash Flow: $235,755

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: N/A

FFE Included: Yes

Inventory: N/A

Inventory Included: No

Year Established: 1978

Year of last Acquisition: 2002

Lender Pre-Qualified: Yes

Non-Owner Payroll: N/A

Employees: 12

Real Estate: N/A

Real Estate Included: No

Monthly Rent: N/A

Square Footage: 2000

Franchise: No

Facilities Information:

The business operates from a newer 2,000 sq.ft. multi-tenant industrial complex with state of the art office buildouts. The facility is close to major metropolitan freeways. The building is available for sale for $450,000 through the Seller’s attorney.

Reason For Sale:

Retirement

Training & Support:

30 days for free.

Owner Qualifications:

Electrical licensing required.

Competition:

Healthy commercial market. Located in a highly desirable Chicago suburb.

Potential Growth:

Numerous growth opportunities to expand into other surrounding areas, hire dedicated sales staff, do more marketing etc...

Financing/Terms:

Very attractive longer amortization SBA loans for both the business and the building.