ELECTRICAL CONTRACTING BUSINESS- INDUSTRIAL
LOCATION: WEST GTA
Price: $2,150,000

Details:
· Profitable Electrical Contracting Business doing industrial work.
· Long established (over 50 years) with an excellent reputation in the market it serves.
· Most of the business is scalable with many repeat customers.
· Non-union with a team of 11 in the field (10 journeymen have 309A licenses)
· Office staff includes an administrator and 2 partners.
· The company has been built on service, expertise, and reliability.
· Bills out between $90-120/ hour, with journeymen paid $50/hour and apprentices paid 50-90% of journeyman rate.
· Fleet includes 9 trucks (average 3-4 years old)
· 2000 ft. square standalone facility owned by the seller(s) – willing to offer a 12–18-month lease.
· The owner is willing to offer transitional assistance and an additional 1-year consulting agreement if required.
· Work in Progress (WIP) stands at $600,000.
· F2023 revenue tracking to approx. $3,200,000
· Forecast EBITDA F2023 (Dec 31 Y/E) of $470,000
· Included in the sale price is capital equipment ($70,000 UCC), $450,000 of Net Working Capital (NWC), and goodwill. Cash Free-Debt Free.
· Potential for some Vendor Financing to qualified buyer.
· Excellent opportunity to acquire a long-established business with a solid customer and supplier base,