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Residential & Commercial Electrical Contractor | High Growth Potential

Bangor, ME, USA
Updated 1 day ago
Established 2023

- Established full-service electrical contractor serving residential and commercial customers throughout Central and Eastern Maine - Diversified service offering spanning electrical troubleshooting and repairs, wiring and rewiring, panel and service upgrades, lighting installation, maintenance, and new electrical installations - Balanced customer base of approximately 60% residential and 40% commercial, with the majority of revenue generated from existing properties, remodels, upgrades, and repair projects - Experienced Master Electrician-led operation with nearly three decades of industry experience and an established reputation built through quality workmanship, repeat customers, and referrals - Flexible, asset-light operating model utilizing a network of approximately 2–5 licensed 1099 electricians, allowing field capacity to scale with project demand while maintaining a lean fixed-cost structure - Significant growth opportunity through additional hiring, implementation of modern scheduling and CRM systems, expanded marketing, and pursuit of larger commercial and new-construction projects - Seller is willing to provide 30–180 days of transition support, with potential additional part-time involvement as needed to facilitate a seamless ownership transfer

Internal Id

10024

Financing Notes

Thoughtful seller financing will be entertained

Growth & Expansion

The business offers significant growth potential through additional hiring, increased marketing and lead generation, and continued geographic expansion. A new owner could add W-2 and 1099 electricians to increase capacity and capture additional inbound demand, while pursuing larger commercial and new-construction opportunities. Additional upside exists through implementing modern scheduling and CRM systems, introducing recurring service and maintenance offerings, and increasing customer wallet share through additional repairs, replacements, and related services

Support & Training

The seller is willing to provide a 30-180 day transition period to support a smooth ownership transfer, including introductions to key customers and contractors and training on day-to-day operations. The seller may also be available for additional part-time support following the initial transition period, as needed

Facilities & Assets

The business operates with a lean, asset-light model and does not require a significant physical facility. Approximately $30,000 of vehicles, tools, materials, and supporting equipment are included in the sale, including a well-equipped Ford Transit service van and a comprehensive set of electrical tools and equipment necessary to support day-to-day operations

Number Of Employees

6

Market & Competition

The Company serves a broad customer base throughout Central and Eastern Maine, including Bangor, Augusta, Brewer, Waterville, Orono, and Old Town. Demand is supported by a diversified mix of residential and commercial customers and a focus on repairs, renovations, upgrades, and other work on existing properties. The Company is also regularly invited to bid on larger new-construction projects, providing an additional avenue for continued growth

Reason for Selling

Retirement / slowing down

Financials

Asking Price
$750K
RevenueMost Recent Year
$570K
Earnings (SDE)Last Reported
$21K
Earnings (EBITDA)Last Reported
$175K
Assets ValueIncluded in Asking Price
$30K
Seller Financing
Not available

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