SOLD! Major Regional Electrical Contracting Business – VIC

Must be committed to look after the long term customers and employees!

The business is an established electrical contractor operating from a major regional city in VIC with an experienced and skilled team already in place. The business has built an enviable reputation as a provider of quality, tailored electrical solutions to a diverse range of industries including agriculture, mining, energy, government, schools, food manufacturing and construction.

What is on offer ?

A multi-disciplined team consisting of experienced supervisors and skilled employees with ability to handle projects and maintenance of:

• Industrial, commercial and domestic electrical installation, repair and maintenance work
• Industrial automation and instrumentation, including PLC, SCADA, Telemetry
• Data and telecommunications cabling and system installation
• Solar power system installation and maintenance
• Installation and maintenance of fire systems

As one of the most established electrical contractors in its regional area, the business benefits from the increasing investment activities across agriculture, energy, food processing, public and private construction. There are new opportunities in addition to the existing projects, services and maintenance work.

While there is an existing team in place, the owner offers to assist with training and transition.

With the intention by the owner to retire from this business, this is a rare opportunity suitable for :

• An individual/partnership with management experience seeking a business that offers both “money and lifestyle”
• A “bolt-on” to a similar business seeking to grow its coverage and to acquire additional expertise
• A complimentary business in areas such as refrigeration, heating, cooling or sales agencies due to the opportunity to sell additional services to the large client base.

With the most recent result showing an adjusted profit to a working owner in excess of $1,000,000, this business is offered For Sale at $1,250,000 plus stock. The stock is around $100,000, mainly held in the fleet of 19 utes/vans and warehouse.

Asking Price: $1,250,000 plus stock at valuation