Established Canadian businesses - For Sale by Owner - in Canada
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Listing # 35121001
Business For Sale
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50 Year Old Electrical Contracting Business For Sale In GTA - Ref #8648
$550,000.00 (Cdn)
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Business Location: Toronto Area
Postal Code: M4C
Relocatable: No
Business Categories:
Construction & Renovations
Contracting Trades
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*Reputable and profitable electrical contracting business in the Greater Toronto Area (GTA) operating for more than 50 years *Demonstrated multi-year track record of profitability, with the owner’s discretionary earnings for the period ending November 2022 at approximately $223,000 *Business revenue experienced a decline during the Covid Pandemic. However, the business has shown consistent revenue growth, post-Covid pandemic. Sales have grown approximately 28% Year on Year for 2021 and 2022. Revenue for 2022 was approximately $530,000 and the projected revenue for the period ending November 2023 is over $550,000
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*A loyal and organic client base built over the years; the family-owned business currently has over 330 clients in the database and does over 80% repeat business from existing clients *Business provides comprehensive electrical solutions for commercial, industrial, and residential *Majority of current revenues are generated organically through an existing client base, with no active marketing efforts.
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*Business price includes inventory, vehicles, tools and equipment *It has a non-unionized staff of 3 FT employees and 1 PT employee including the owner *There is significant untapped potential for growth by implementing marketing strategies *Business owner’s key role is to perform fieldwork, oversee operations, manage client relationships and staff *Seller financing can be made available for a qualified buyer *Owner is looking to retire but is willing to stay to assist with the transition
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INCLUDED, EXCLUDED & OPTIONAL |
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- INCLUDED in the Price - |
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- Check with Seller -
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