50 Year Old Electrical Contracting Business For Sale In GTA - Ref #8648

*Established Legacy: Reputable and profitable electrical contracting business in the Greater Toronto Area (GTA) operating for more than 50 years
*Diverse Portfolio: Business provides comprehensive electrical solutions for commercial, industrial, and residential needs

*Inclusive Assets: Purchase price includes Inventory, Equipment and Vehicles valued approximately at $136,000
*Flexible Financing: Limited seller financing available for qualified buyer(s)

Transition & Future

*Smooth Handover: Current owner is willing to stay for a reasonable period to ensure a seamless transition
*Buyer Profile: Ideal buyer would need to have some experience in the electrical trade

*Robust Revenue: Following the challenges of COVID-19 the business has shown steady year-on-year growth. The revenue for 2023 is approximately $592,000 (2022 – $530,000)
*Strong Earnings: Demonstrated multi-year track record of profitability, with the owner’s discretionary earnings for the period ending November 2023 at approximately $225,000 (2022 – $223,000)

*Workforce: Business has a non-unionized staff of 3 FT employees and 1 PT employee including the owner

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*Organic Growth: 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
*Growth potential: The majority of current revenues are generated organically through an existing client base, with no active marketing efforts.