Asking Price $580,000 Cash Flow: $378,000
Gross Revenue: $3,000,000
Rent: $6,982 per Month
Fully licensed commercial and residential electric contracting business serving Portland and Vancouver greater metro areas. The business is well positioned in the mid-rise residential building development community. The owners are committed to smooth transition process and will assist as needed to ensure a seamless hand-off of current contractual work.
Financial: 2017-2018 tax return analysis reveals an average Seller’s Discretionary Earnings (EBITDA + Officer compensation) of $378,158. 2020 income is projected to be very strong, but financials are not yet complete. 2017-2019 average top line income is approximately three million ($3,000,000) with strong a strong average bottom line for the three combined years. Seller’s Discretionary Earnings projected for 2021 and 2022, indicted by current contracts in place, show future potential income is better than ever. Timing of work and initiation of contracts created individual years of high and low SDE. 2018 SDE is $784,382, while 2019 SDE is very low.
New Contracted Work: The business has engaged multiple contracts with a very lucrative income stream lined-up. Current contracts, as Sept 30, 2020, total $15,836,879.
- Location: Vancouver, WA
Inventory: Included in asking price
Real Estate: Leased
Building SF: 8,820
Lease Expiration: N/A
Facilities: The sale includes an exceptional facility that was built and designed specifically for the business. Lease Terms as follows: 8,820 square foot facility, $9.50 per square foot with 3% increases and a 10-year term. The facility includes a large warehouse, parking lots, a drafting room, multiple offices as well storage and shop space.
Support & Training: The Sellers are committed to a smooth hand-off of operations and current contracts.
Reason for Selling: Retirement