Electrical Contractor/commercial. High net margin-SOLD

Established in 1998 this company has built a solid reputation in the commercial electrical contracting industry. They are an approved vendor for some of the larger corporations such as Publx and Kroger to name just a couple. The company specializes in renovation work. In 2016 their revenue came in at $1,200,000 and this year they are on pace to top $1,350,000. The owner’s discretionary earnings in 2016 were close to $500,000 with 2017 expected to be in the $575,000 to $600,000 range. The company is positioned well for the new owner. There are 12 employees with the top people trained to bid and price jobs. The opportunity to grow and bid more work is only a question of hiring and training new employees. The owner has slowed down the past couple of years as he prepares for retirement. He believes he can help guide new ownership to substantially grow the company if they choose to. The owner will be moving out of state to fully retire once the transition period is complete. We are asking $1,350,000 this includes about $80,000 in inventory. Contavt: Matt Wochele, CBI C# 404-863-2200 or J Snypp C# 404966-5989. Staus: SOLD