What is my electrical contracting business worth?

Most electrical contracting businesses sell for 3x to 6x EBITDA. The specific number depends on your revenue mix, management depth, license structure, and customer concentration.

What happens to my electrical license when I sell my business?

This depends on your state and whether the license is personal or entity-level. In most cases, the license is held by the individual and doesn't automatically transfer. This needs to be addressed in the deal structure through a transition period or by having a licensed master electrician employee who stays with the business post-close.

How long does it take to sell an electrical contracting business?

Nine to fourteen months from engagement to close is typical.

What size electrical contractor attracts buyers?

Businesses with $1M or more in annual revenue are typically large enough to attract meaningful buyer interest. The broadest buyer universe opens up at $3M to $5M in revenue.