Electrical Contractor in Waterloo/Kitchener Area

Kitchener-Waterloo, ON·Trades & Services

Listed by N3 Business AdvisorsVerified broker

Company : Very profitable, well-established Electrical contractor with 17y+ history Consistent Performance : For the last 3 years (Y2022-2024) the average revenue was $1.88M/y and the average of seller’s discretionary earnings (SDE) was approximately $432K/y Loyal Client Base : Strong/long relationship with clients – In the recent years almost 90% of annual sales were generated from long- term clients Revenue Base: Industrial electrical work, Automation (PLC programming, complete design and build), Generators (installation/services), Supply/install solar and off-grid systems, Installations of Tesla EV chargers Geographical Coverage : Serving the Waterloo/Cambridge area and any client within 1-1. 5 hrs drive radius Growth Opportunities : Exist by undertaking more projects from existing (long-term) clients or by implementing a more aggressive marketing to expand the client base Staff : Owner included – a non-unionized staff of 4 full-time employees and 2 part-time and a small network of subcontractors Owner’s Role : Sales, purchases, laying out jobs – manage the staff – supervise ongoing projects/installations and services Marketing : Most of current revenues are generated through existing clients and referrals, with minimal or no marketing at all Smooth Transition : Owner is willing to stay on board for a negotiable period (3-12 months) to assist with the transition of the business Assets Included : Vehicles, Equipment, Tools and Inventory (as per seller) valued at $359K Financing Flexibility : Seller is open to consider seller financing option for serious and qualified buyers only