220617 - Electrical Contractor - $375,000
Ref #: 220617. Niche Markets; "Sticky" Clients. This Business Stands Out...
Sales over $600k + GST are generated by two qualified staff and a working owner who is only partly "on the tool". The business has not depended on the EQ rebuild, with sales coming from;
- Primary sector clients within a specific niche
- Lifestyle blocks
- Geographically local clients
- Repeat maintenance work for commercial/industrial clients
- Regulatory change and supply chain developments driving business within a core market
The working owner is retiring due to age and health considerations. The staff are well trained and fully qualified.
The ideal buyer could be:
- An existing electrical business wishing to add $250-$300k gross margin (after purchases & wages) to their business and capture "sticky" clients
- An experienced electrical tradesman on wages wanting to own and operate their own business
- A manager who understands the sector and will work "on" the business to generate growth
The new owner is likely to benefit from R & D projects the vendor will continue to work on at a supply level post sale.
Other Background
- Currently run from a home office
- Little to no advertising spend - mostly referral & repeat business
- Consistent sales & profit for last four years
- Mostly Monday-Friday with limited need for weekend and overtime hours
- Overheads less than $50k including vehicle expenses
- Mostly "charge up" work
This is not just another "sparky" business; it is appealing and will sell quickly!
Net Surplus: $ 207,327 EBPITD
Contact: Damien Fahey
Office: Christchurch
For more information, please click the contact button below to send us a message.
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