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Electrical Contracting Company w/ $3.2M Annual Revenue πŸ”Œ

Under the Radar Weekly Deals

Discover Top SMBs for Sale

πŸ‘‹ Hey fellow searchers,

Hope you had a great weekend and welcome back to Under the Radar!

Let’s get right into it.

This week’s issue features:

  • 🧊 HVAC company w/ $711K annual SDE

  • πŸ”Œ Electrical contracting company w/ $3.2M annual revenue

  • πŸ‘©πŸ½β€βš•οΈ Cosmetic surgery center with $1.9M annual SDE

Hot Deals πŸ”₯

Analyses of the best deals we found across top marketplaces and brokerages.

#1. HVAC company w/ $711K annual SDE

🏷️ Asking Price: $2.15M

πŸ“Location: Colorado Springs, CO

Overview: This well-established HVAC company generates ~$2.1M in annual revenue and ~$711K in SDE (3x SDE multiple). Operating for over a decade, the business has a 2,442 sqft. facility (available for purchase separately at $850K) and a newly upgraded fleet of service vehicles. With steady demand for HVAC services in the growing Colorado Springs market, this is a strong opportunity for an industry professional or strategic buyer. Partial seller financing is available for qualified buyers.

What I Like πŸ‘

  • Strong Profitability – ~34% SDE margin with a reasonable (3x SDE multiple).

  • Upgraded Fleet – Newer service vehicles enhance operational efficiency.

  • Real Estate Available – Provides stability for buyers who want to own vs. lease.

  • Growing Market – Colorado Springs’ population growth fuels demand for HVAC services.

  • Partial Seller Financing – Lowers upfront capital requirements and signals seller confidence.

What to Look Out For πŸ‘€

  • Team Retention – With only eight employees, keeping key personnel post-sale is critical.

  • Customer Mix – Need to evaluate the breakdown between residential and commercial clients.

  • Seasonality – Revenue fluctuations could occur based on weather-driven demand.

  • Owner Involvement – Assess the owner’s role and how easily responsibilities can transition.

Key Questions❓

  • What percentage of revenue comes from recurring maintenance contracts vs. one-time projects?

  • How reliant is the business on the owner for customer relationships or technical expertise?

  • What financing terms are available for purchasing the real estate?

#2. Electrical contracting company w/ $3.2M annual revenue

🏷️ Asking Price: $1.9M

πŸ“Location: El Paso, TX

Overview: This electrical contracting business generates ~$3.2M in annual revenue and ~$668K in SDE (2.8x SDE multiple). Operating for 35 years, the company serves commercial, industrial, government, and residential clients across Western Texas and Southern New Mexico. With a backlog of apartment and hotel projects, strong relationships with real estate developers, and expertise in government contracts, the business provides stable revenue and long-term growth opportunities. The 1,500 sq. ft. facility with 3,300 sqft. of enclosed storage is leased at $1,875/month, with owner financing available for qualified buyers.

What I Like πŸ‘

  • Established Reputation – 35 years in business with deep industry experience.

  • Recurring Revenue – Strong pipeline of apartment, hotel, and government projects.

  • Diverse Client Base – Private-sector, government, and residential work reduce risk.

  • No-Bid Contracts – Preferred contractor for multiple real estate developers.

  • Owner Financing Available – Can help with deal structuring for the right buyer.

What to Look Out For πŸ‘€

  •  Lease Expiration in 2025 – Need to renegotiate or secure a new facility long-term.

  • Owner Transition – Ensure key relationships with developers and government agencies remain intact.

  • Skilled Labor Retention – Maintaining the 27-person workforce is crucial for continuity.

  • Project-Based Revenue – Backlog is strong, but future pipeline should be reviewed.

Key Questions❓

  • Are there agreements in place with key real estate developers and general contractors?

  • Are there any licensing or bonding requirements a new owner must meet?

  • What is the breakdown of revenue between private sector, government, and residential work?

#3. Cosmetic surgery center with $1.9M annual SDE

🏷️ Asking Price: $4.5M

πŸ“Location: Florida 

Overview: This 28-year-old cosmetic surgery center generates ~$3.5M in annual revenue and ~$1.93M in SDE (2.3x SDE multiple). Located in an upscale area with an affluent clientele, the 3,920 sq. ft. facility is fully equipped with two surgical rooms (one Quad A certified for level 3 anesthesia), three treatment rooms, and a recovery unit. The practice has a loyal, experienced team and has been SBA pre-approved with 10% down, making it a rare opportunity for a plastic surgeon or an investor looking to enter the sector.

What I Like πŸ‘

  • Long-Standing Reputation – 28 years in business with strong client trust.

  • Prime Location – High-end area with affluent clientele and steady demand.

  • Turnkey Operations – Experienced staff ensures immediate continuity post-sale.

  • SBA Pre-Approval – Attractive financing terms available for qualified buyers.

  • Expansion Potential – Seven private rooms are currently unused, providing growth opportunities.

What to Look Out For πŸ‘€

  • Specialized Buyer Needed – A licensed surgeon or a group must be involved for ownership.

  • Real Estate Not Included in Price – The facility is available for purchase but not part of the $4.5M asking price.

  • Competitive Market – Other plastic surgeons operate in the area, though this center has been established the longest.

  • Owner Departure – Ensure smooth patient retention and staff continuity post-transition.

Key Questions❓

  • Are there non-surgical revenue streams (e.g., med spa services, injectables)?

  • How dependent is the business on the current surgeon’s reputation and referrals?

  • What are the state licensing and credentialing requirements for a new owner?

Other Hot Deals πŸ”₯

Radar Picks πŸ“‘

Bit-sized reads featuring insights and fresh perspectives

Tweet of the Week 🐦

This week’s featured tweet comes from Bruce Marks, who breaks down the key factors every searcher should consider when assessing working capital in an acquisition. From industry cycles to cash conversion timelines, he highlights why getting this right can make or break a deal. Check it out πŸ‘‡

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DISCLAIMER: This newsletter is for informational purposes only and should not be considered financial advice. It offers analyses of businesses without endorsing any specific financial actions. Readers are advised to do their own research and consult a professional before making investment decisions.