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Highly Rated Electrical Business

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Complete NDA for Full Overview

Price: $1,849,000

Annual Revenue: $2,300,000

Minimum Equity Required: $500,000

SDE: $570,000

Location: New Brunswick

Industry: Services

ID: 1421

Status: New

Description

This longstanding business is a premier electrical company that offers residential, commercial, and industrial services.

The business has been prominent with its high quality electrical services along with its competent team members, licensed electricians and staff.

The owner is selling 100% of the authorized and issued share capital of the company. The offering price considers Working Capital is adjusted at $0, meaning the negotiated working capital amount will be in addition to the offering price. See Financial section for more details.

By completing the NDA and becoming adequately qualified, you will be sent a full Offering Memorandum that will answer most, if not all, of your questions.

Financial Information

Annual Revenues and Seller's Discretionary Earnings, with year end September 30:

2023
Revenue: $2,300,000
SDE: $570,000

2022
Revenue: $1,730,000
SDE: $370,000

* Seller's Discretionary Earnings (“SDE”) is a calculation of the total financial benefit that a single full time owner-operator would derive from a business on an annual basis. SDE is the pretax and pre-interest profits, before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. SDE may require that expenses be adjusted if a new owner (Purchaser) will necessarily need to take on a new expense. SDE is also referred to as Adjusted Cash Flow, Total Owner's Benefit, Seller's Discretionary Cash Flow, or Recast Earnings.

** Please refer to our Minimum Equity requirements. Our expectations are for a buyer to be "capable" of making a minimum 35% down payment on the final negotiated purchase price, to be considered truly qualified. Feel free to run some of your own calculations here:

https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/financial-tools/business-loan-calculator

Operations

The building size is at 2250 sq.ft.
Primary heat source: Electric Convector Heater (January 2009)
Alternative heat source: Heat pump (2014, 2016, 2024)
Water supply: Municipal
Sewage disposal: Municipal

For more information on this listing, please complete our Non-Disclosure Agreement

Complete NDA For Full Overview

For more information on this listing, please complete our Non-Disclosure Agreement

Complete NDA for Full Overview
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