Electrical contractor, residential and light commercial
Parma, west side of Cleveland · In business since 1995. A thirty-one-year electrical contractor with eight electricians, a second master on staff to carry the license, and five stocked vans. Earns its owner about $310,000 a year.
The business
Service and repair is about 55 percent of revenue, panel upgrades and remodels 30 percent, light commercial work for a dozen repeat property owners 15 percent.
People. Eight electricians: a second licensed master besides the owner, four journeymen and three apprentices, plus an office manager. The second master can qualify the state contractor license for a buyer who does not hold one.
Premises. A 3,500 square foot shop with a fenced yard, leased month to month from a family trust unrelated to the business at $2,900. The lease is between the buyer and the landlord.
Hours. Monday to Friday 7 to 4:30, with an on-call line.
Pro forma
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenue | $1,920,000 | $1,846,000 | $1,770,000 |
| Cost of sales | ($787,000) | ($757,000) | ($726,000) |
| Gross profit | $1,133,000 | $1,089,000 | $1,044,000 |
| Operating expenses, including the owner's pay | ($1,017,000) | ($986,000) | ($954,000) |
| Net income | $116,000 | $103,000 | $90,000 |
| Add back: Owner salary | $130,000 | ||
| Add back: Owner health insurance | $14,000 | ||
| Add back: Depreciation | $42,000 | ||
| Add back: One-time items | $8,000 | ||
| Owner's discretionary earnings, 2025 | $310,000 |
Swipe the table sideways for 2024 and 2023.
Gross margin 59 percent in 2025. Asking price is 2.89 times 2025 owner's earnings and includes equipment valued at about $210,000. Figures are rounded; the owner's tax returns and bank statements are provided to a buyer after the confidentiality agreement.
What is included
- Five work vans, 2018 to 2022, lettered and stocked
- Threaders, benders, lifts, ladders and power tools
- A small scissor lift and a trailer
- The phone number, the name, the customer records and the open-bid list
- Inventory at cost, about $30,000, in addition to the price
What a buyer will notice
- No EV charger, standby generator or solar line, although the service area is seeing all three.
- Estimates are written by hand and photographed; there is no quoting software.
- The second master electrician has been with the company nineteen years and has said he intends to stay.
Role today. Estimates and manages; still runs a van two days a week.
Handover. Ninety days full time, then available by phone through the first year.
Reason for selling. The owner is sixty-four and is stepping back to care for a spouse.
The asking price includes the equipment and the goodwill; inventory is added at cost at closing. The profile is one that lenders commonly finance through SBA 7(a) loans with a buyer down payment; the seller would consider carrying a portion of the price for a qualified buyer.
Besides this page: texted to every electrical owner within fifty miles, sent to the buyers on our list who asked for Cleveland and electrical, and shown to lenders who finance deals like it. The owner gets a weekly text with who looked and who asked.
Tell us who you are and what you can bring. After the confidentiality agreement you receive the owner's name, the address, three years of tax returns and a walk-through.
Ask about this businessBuyers pay LastDayFirstDay nothing. Our fee is paid by the seller at closing.
This profile is representative of the Ohio trade businesses LastDayFirstDay lists. Its figures are a composite prepared from typical one-owner businesses in this trade and do not describe a specific company currently for sale; current listings, with the owner's own numbers, are at lastdayfirstday.com/s. We are not attorneys, accountants, appraisers or real estate brokers.