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Electrical Contractor - Revenue Doubled Year Over Year

Ontario, CAN
Listed 33 days ago
Established 2013

An established electrical contractor serving commercial, industrial, and institutional clients in Ontario. The company provides electrical installation, service, and project based contracting across new construction and ongoing facility work. Revenue has approximately doubled year over year. The company also holds a secured and awarded contract backlog exceeding its prior full year of revenue, providing visibility into forward workload. Growth has been supported by expansion into a regional market with limited contractor availability, including multi year agreements and institutional client relationships. Work has been generated through repeat clients, contractor referrals, and industry reputation rather than paid advertising, with customer retention of approximately 90%. Operations are supported by established project coordination processes and a fleet of owned service vehicles. Ownership is exploring a strategic transition and is open to providing a defined handover period to support continuity in operations, client relationships, and project oversight. The opportunity is best suited to an existing electrical contractor seeking to add licensed field capacity, an established commercial and institutional client base, and a contracted workload that can be absorbed into current operations from day one. Financial detail, backlog composition, and market specifics are provided upon execution of a confidentiality agreement. Prospective buyers are requested NOT TO CONTACT THE OWNER OR EMPLOYEES DIRECTLY. All inquiries must be directed through the broker.

Location

Leased shop and office premises in a multi-unit industrial park. The location serves as a base for crews, vehicles, and materials and is not customer-facing, so the business is not dependent on visibility or foot traffic.

Employees

9

Real Estate

Lease

Relocatable

This business can be relocated

Management Type

This business is owner operated.

Support & Training

Ownership is prepared to remain through a defined handover period to support continuity in operations, client relationships, and project oversight. This includes introductions to key customers and suppliers, transfer of estimating and project coordination practices, and continuity on active contracts and backlog through to completion. The scope and duration of the transition are open to discussion and can be structured to suit the buyer's requirements, whether that is a short handover for an experienced contractor or a longer, more involved arrangement.

Expansion Potential

The most immediate opportunity is converting the existing backlog, which already exceeds the company's prior full year of revenue and can be executed with modest crew expansion rather than added fixed overhead. The company has also established a foothold in a secondary Ontario market where qualified contractors are scarce and pricing holds, with multi-year contracts in place and the model replicable nearby. Growth to date has come entirely from repeat clients and referrals with no sales function and effectively no advertising, leaving clear room to develop both new business and existing multi-site accounts.

Size In Square Feet

3,450

Financials

Asking Price
$760K
RevenueMost Recent Year
$2.1M
Earnings (SDE)Last Reported
$263K
Assets Value
Undisclosed
Seller Financing
Not available

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