$2.5m/$300k SDE Commercial electrical contractor in southeast Michigan (Buy Side Deal)

Commercial electrical contractor in southeast Michigan, founder-owned, in business nearly thirty years. Operates a triangle from Lansing through Ann Arbor down to the Ohio border, primarily Detroit metro and surrounding counties. Average gross revenue around 2.5 million annually over the past five years with owner earnings in the 250 to 300 thousand range. 90 percent commercial work, 10 percent residential. Team of 10 to 12 full-time including master electricians, journeymen, and apprentices. Customer base of 30 to 40 active general contractor and direct commercial relationships, no single account dominant on a multi-year basis though one customer can swing 10 to 40 percent of revenue in any given year. The good. Long operating history with established licensing and master-level talent in place. Diverse commercial customer base across general contractors and direct end users. Owner is willing to stay through transition for whatever period makes the new partner successful. Owner also owns the warehouse and office, separately available, which gives flexibility on real estate. Seller has done his homework on valuation and is realistic and ready to move quickly if terms align. The to-verify. Customer concentration on a single-year basis can be meaningful and needs diligence on multi-year trend. Margin profile is on the lighter side for commercial electrical at roughly 10 to 12 percent which warrants a look at job costing, mix, and bid discipline. Reason for sale not yet fully confirmed and we are working through that with the owner directly. Need to confirm whether owner earnings figure is true SDE or includes owner salary. Fit profile. Best for a buyer with commercial electrical experience or an operator-led searcher comfortable stepping into a commercial-heavy book. Asking around 2 million for the business plus the option on real estate at 950 thousand. Owner can transition quickly and stay on for support. We are buy side, meaning we will expect market based buy side compensation. Please don't send an NDA request rather directly email redacted so we can set up a fee agreement.