Profitable Electrical Contracting Business for Sale

Virginia
Asking Price: $650,000
Business For Sale Details
Listed on Aug 20, 2024

Established Commercial Electrical Contractor – $700K+ Backlog, Priced to Move

This is a rare opportunity to acquire a well-established, highly reputable commercial electrical contracting business in Virginia with over $700,000 in active backlog, a skilled workforce, and strong infrastructure in place.

Founded in 2009, the company specializes in commercial, industrial, higher education, and municipal projects. It holds a Class A Electrical License, positioning it well for both private and public sector growth. Known for quality workmanship and safety, the business maintains long-term relationships with general contractors and clients, supported by a loyal and experienced team of 16 employees.

The current owner is retiring and has scaled back day-to-day involvement, leading to a dip in 2024 financials. In response, the asking price has been significantly reduced, creating a high-value opportunity for the right buyer. With backlog in place and a solid foundation, the business is poised for a strong rebound under new ownership.

Key Highlights
• $700K+ in Active Backlog
• Class A Electrical License
• 8 Company Vehicles Included
• No Brick-and-Mortar Overhead
• 2,000 sq. ft. Leased Warehouse for Inventory
• Long-Tenured, Skilled Workforce
• Policies, Systems, and Safety Programs in Place

Ideal Buyer
• A licensed electrician ready to take ownership of an established, reputable operation
• An electrical or general contractor seeking to expand regionally through acquisition
• A strategic buyer or investor group looking for a bolt-on with contracts and team in place

Growth Opportunities
• Expand into residential services to diversify revenue
• Hire a dedicated estimator or business development lead to drive volume
• Tap into existing backlog for immediate revenue growth

Operational Structure
• No storefront – business operates lean with minimal overhead
• 2,000 sq. ft. warehouse leased for storage and staging
• Full staff of 16, including licensed electricians and office support
• Owner willing to assist with a transition to ensure smooth handover

Established: 2009
Employees: 16
Vehicles Included: 8
Inventory: Included in asking price
Reason for Sale: Retirement

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Financials (USD)

Asking Price $650,000

Cash Flow $199,974

Sales $1,860,300

Deal Terms

Represented by broker? Yes

Buyer Fee? No

Seller Financing? No

Willing to co-broke? Available On Request

Principals only? Available On Request

Franchise? No

Management will stay? Yes

Relocatable? No

Real Estate? No

Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum. Read DealStream's Terms Of Use before responding to any listing. Learn how to stay safe in our marketplace.

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