This is an electrical service contractor that is located in a fast growing part of north DFW. This contractor exclusively works directly for the end customers. They do about 40% residential work and 60% light commercial work. The owner says the light commercial electrical work is steady where residential fluctuates. They have 4 crews that service customers. They had a great 2022 that they contribute most of the growth to more organization because of their software improvement. In the past they had too many jobs and some would fall through the cracks. Now the software makes sure they cover all incoming orders. The owner is having health problems and is tired so wants to retire. The business is down the first quarter of this year 2023. This is why we adjusted the price.
The drop is more about his lack of energy and direction leading the company. This business is not maximized. They have a quality name in a great location. The real estate can be leased back for $3500 (current rent being paid back to seller) or purchased for appraised value. (the appraised value is about 1.1 million).
A larger company could come in an expand on this companies foundation. Only buyers will an electrical license will be considered.
Sigma’s process is as follows:
1. Inquire via bizbuysell (make sure your email is correct)
2. Auto responder will send you an NDA to sign electronically.
3. Sign the NDA online electronically with PandaDoc
4. The Business Profile (CIM) will be emailed to you automatically (yes it’s magic).
5. After you have read the CIM an email will be automatically sent to you asking if you want to watch the video interview… This is about 15 mins after the CIM is sent (magical we know)
6. When you have read the CIM and watched the video please respond to the email and ask your questions. At that time it is helpful if you provide information about your electrical experience.
7. If it makes sense we setup a conference call (not zoom) with the owner.
8. You write an offer (we have templates for those things)
9. You perform due diligence (we have a process for that).
10. You close and make a alot of money. (if you are the right buyer).