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Commercial And Industrial Electrical Contractor

Location  Ontario,Canada
Asking Price Range  $250K - $500K
Gross Revenues  $601000
Net Profit / Cash Flow  $173000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1987
Number of Employees  1 - 3
Inventory  66000
Relocatable  Yes
Number of Employees  1 - 3
Real Estate  Leased
Training  Will be provided by owner.
Reason for Sale  Retirement.
Description  In business for 24 years, this successful non-union electrical contractor has built a high-profile list of corporate clients. It has a reputation for high-level customer service generating almost 90% repeat customer rate. It is known for superior workmanship and its loyalty to clients, suppliers and other contractors. In addition to commercial and industrial household name clients from the media, pharmaceutical, retail and automotive industry, the company serves a small number of high-end residential clients. Sales have been increasing significantly in recent years despite the economic downturn as a result of dedicated business development by the owners and taking on of larger projects. Employees are fully licensed and work independently and reliably with clients, allowing the owner to focus on cost control and job estimation. Current staff includes two electricians (one with a master electrician license) and an apprentice. The owner is looking to retire but is willing to stay on for a mutually agreeable transition period. This is an ideal opportunity for an established complementary business to acquire capabilities in electrical service work and a roster of blue-chip clients. It is also a great opportunity for an owner with experience in the electrical industry to own and operate a successful reputable business. Fixtures, Furniture & Equipment are a fair market value estimate as provided by owner. Inventory included in the sale is the average amount necessary for the running of the business, and will be adjusted at closing based on current levels. Estimated Cash Flow includes owner's remuneration.
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