Business Description
For sale is a well-established Department of Defense Prime Contractor offering medium and high-voltage electrical services such as electrical power distribution, interior/exterior lighting, and underground utility infrastructure for federal and military installations. The company has a long-term contract in place, which guarantees near-infinite availability of work over the next 10 years.
Like many companies, in 2021 and 2022, COVID caused many frustrations for the company, including rising cost of materials, supplier shortages, and employee retention, all of which contributed to the decline and fluctuations in revenue and earnings. One large, hugely problematic project resulted in a loss upon completion in 2022. These issues have been resolved, and margins are expected to return to normal in 2024.
Since the company works on Department of Defense contracts, no special licensing is needed for the owner. However, licensing beyond the employees would be necessary if the buyer started working outside the Federal Government contracts.
| 2020 | 2021 | 2022 | 2023 | |
| Revenue | $22,571,350 | $18,691,571 | $12,286,698 | $18,209,969 |
| Earnings | $4,248,964 | $1,670,452 | ($511,229) | $3,036,793 |
This listing requires seller approval for the CIM. We appreciate your patience as we receive approval and we will send you the CIM as soon as possible.