Commercial Electrical Contracting Firm

Wilmington, NC

Seller Financing Available

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Gross Revenue:$6,009,895
EBITDA:$1,399,660
Real Estate:$550,000
Inventory:$180,000
FF&E:$520,500
Established Year:1992
BUSINESS DESCRIPTION

This North Carolina based business is a reputable and well-established commercial electrical services firm. With a proud history of over three decades, they have earned a stellar reputation for providing top-notch electrical solutions to commercial clients.

Their team of highly skilled and licensed electricians is committed to delivering exceptional workmanship, ensuring safety, efficiency, and reliability in every project they undertake. Whether it's electrical repairs, installations, or maintenance, the business excels in delivering personalized and cost-effective solutions tailored to meet the unique needs of its clients.

The company maintains gross profit margins, SDE and adjusted EBITDA profit margins higher than the industry average. The business currently has over $3,000,000 in contractual backlog and an additional $4,500,000+ of outstanding quotes/RFP’s. 2024 gross revenue is expected to approach $7,000,000.

As a trusted local company, they are dedicated to maintaining the highest customer service standards and have become a go-to choice for anyone seeking quality commercial electrical services in the central Southeast area.


DETAILED INFORMATION
Location
Wilmington, NC
Inventory
Not Included in asking price
Real Estate
Owned
Building SF
3,000
Employees
22
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business operates from a commercial business park with easy access to the major thoroughfare available for lease or purchase.
Growth & Expansion
The company has a steady flow of projects and maintains a backlog equivalent to approximately 6 months of work.
Financing
Seller will consider up to 10% seller financing dependent upon overall terms and cond
Support & Training
Sellers will provide a total of 240 hours of transition support included in the purchase price.
Reason for Selling
True Retirement
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Jeff
Snell, CM&AP, M&AMI, LCBI, ABI
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Jeff Snell, CM&AP, M&AMI, LCBI, ABI