Listing Number: 76931-417302
Centrally located, well-established Commercial Electrical Contractor with large focus on Medical facility renovations. Founded by two fellow union trade electricians, the company started out of small facility in 1994. Steady growth and relationships built this decades-old business into the powerhouse that it is today. Sellers are now looking to retire and are willing to transition over a period of 6 months to one year to ensure seamless transfer of ownership. Business generates north of $6M in revenue from recurring clients and is centrally located with primary office and industrial warehouse space in the heart of Houston, Texas. Currently 16 employees in place including one full-time manager. Founders also desire to sell real estate with a current estimated FMV of $3.4M.
Foundational client relationships have continued through the years with some of the largest hospital systems in the Houston Metro area. Backlog of awarded jobs is significant; demand is high due to the buildup of demand related to the pandemic.
Significant FF&E valued approx north of $1.5M including equipment and vehicles. Real estate available for sale at an additional $3.5M.
- Price: $ 1,800,000
- Down Payment: $1,800,000
- Sellers Discretionary Earnings: $ 455,035
- Total Sales: $ 6,089,425
- Location: Harris County, Texas
- Inventory: $ 25,000
- FF&E: $ 1,800,000
- Employees: 19
- Reason for Selling: Retirement
- Category: Construction