Full service electrical subcontractor specializing in high-end residential remodels and private commercial jobs (wineries, banks, government, retail) as well as automation and green solutions. With over $7M signed WIP plus new bids coming in for 2020, this highly streamlined operation has a strong track record of delivering superior craftsmanship and exceptional customer service.
A competent and motivated workforce includes California state certified journeymen, a cross-trained, strong management team and a culture focused on the highest standards of professionalism.
Competition: the company's strong reputation, complex project expertise and an elite certification for lighting & energy control, sets it apart and enables the firm to operate on a referral only basis and win >40% of bids.
Customers: established & strong working relationships with many highly-reputable general contractors in region. 2018 revenue mix: commercial (25% and trending up), residential (75%) spread over about 45 projects utilizing a base of 40, so no major customer concentration.
Growth & expansion: by leveraging its documented processes and bay area demand, this operation is highly scalable and on track for 15-20% growth, year over year. Other opportunities include the addition of a service department for both commercial and residential as well as organic geographic expansion.
Transition: seeking industry firm, or individual that MUST HAVE electrical and/or construction expertise to carry on the excellent reputation and continue servicing clients. Owner is motivated and willing to stay on in the capacity needed post-close, including as an RME (although another candidate exists on staff) or in a consultative role to ensure a smooth transition.
34 full-time employees, $160K FFE
Industry experience required. Interested candidates will need to complete an NDA, buyer profile and agency disclosure.