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(616) 257-3300

Profitable Michigan Electrical

Contractor for Sale!

Michigan

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Business Summary

EGM’s client is a full-service profitable well-established electrical contractor that has been in business since the early 1930s, serving the Industrial, Municipal, and Commercial markets. They pride themselves on their hard-working, dedicated long-term staff (23 full-time employees) and the high quality and reliable work.  The company has extensive knowledge and experience related to electrical construction and provides a full range of electrical services primarily for customers in four market segments.  The jobs vary from small service billings to more than two million dollars.  The company offers 24/7 commercial and industrial electrical services. 

The company is well positioned in its market, and the client base is well diversified with high-quality clients.  In the last several years the revenue has ranged from $10.18M to $6.551M depending on the projects the company has been involved in.

The ownership of the company is an ESOP, with the original owner as the majority shareholder.

Details:

2020 Revenue:   $7,628,000

2020 SDE:  $319,000

Real Estate: Office: 2,090 square feet

Heated Storage: 2,340 square feet

Cold Storage:3,476 square feet 

Employees: fifteen full-time plus the owners 

Growth Opportunities:

  • Expand to other markets including residential
  • Hire additional labor
  • Expand marketing and bid on more opportunities within current markets
  • Bolt-on acquisition for an existing contractor

Investment Highlights:

  • Strong Existing Workforce
  • Real Estate is in good condition
  • Offers a wide variety of electrical services
  • Longevity of business operations since the 1930s.
  • Great Reputation within the industry and business community.

Support & Training: The owners are willing to assist in the transition.

Reason for Selling: Retirement 

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