As a Las Vegas business broker, I am excited to present an exceptional opportunity: the sale of a thriving electrical contracting business strategically positioned in one of the nation's most dynamic markets. The Las Vegas-Henderson metropolitan area is experiencing a significant surge in demand for electrical contracting services, driven by robust construction activity, infrastructure development, and population growth.
A decades-old and well established electrical contractor. Specialists in tenant improvement jobs. Tenant improvements occur on a repeat basis, with almost every new tenant in a leased property, making this as close to a recurring revenue model as you will likely find in an electrical contractor.
Managers in place allow the owner to operate on a semi-absentee basis.
--Over $2mm in current backlog
--Well-trained staff
--Approx. $425k seller discretionary earnings for 2024, and growing for 2025.
As a Las Vegas business broker, I am excited to present an exceptional opportunity: the sale of a thriving electrical contracting business strategically positioned in one of the nation's most dynamic markets. The Las Vegas-Henderson metropolitan area is experiencing a significant surge in demand for electrical contracting services, driven by robust construction activity, infrastructure development, and population growth.
Market Dynamics and Growth
Nevada, particularly the Las Vegas metro area, is witnessing remarkable growth in electrical contracting sales. Recent data indicates a 9.5% year-over-year increase in electrical sales in Nevada, with the Las Vegas-Henderson-Paradise MSA experiencing a 9.8% rise, outpacing national averages. This growth is fueled by a combination of factors, including a booming construction sector and significant infrastructure projects.
Construction Boom and Infrastructure Projects
Las Vegas is undergoing a construction renaissance. The city accounts for 80% of all single-family building permits in Nevada, highlighting its central role in the state's residential development. Major projects, such as the $1.5 billion domed stadium for the Oakland Athletics, are set to commence construction, further amplifying the demand for electrical contracting services. (iBidElectric, Home, AP News)
In addition to residential and commercial developments, significant infrastructure projects are underway. The Greenlink West transmission line, a 350-mile project by NV Energy, aims to unlock 4 GW of solar capacity, with construction starting in early 2025. (Reuters) Such initiatives not only enhance the region's energy infrastructure but also create substantial opportunities for electrical contractors.
Population Growth and Economic Diversification
Las Vegas continues to attract new residents, drawn by its relatively affordable cost of living, favorable tax environment, and expanding job market. The city's population growth necessitates the development of housing, commercial spaces, and public amenities, all of which require electrical contracting services. Moreover, Las Vegas's economy is diversifying beyond tourism and gaming, with investments in technology, healthcare, and manufacturing sectors. This diversification further stimulates construction and, by extension, the demand for electrical services.
Labor Market Considerations
While the demand for electrical contracting services is robust, the industry faces a significant challenge: a shortage of skilled labor. It's projected that by 2031, 40% of the construction workforce will retire, exacerbating the existing labor shortage. (Nevada Business Magazine) This scarcity of skilled workers underscores the value of established businesses with experienced teams, as they are well-positioned to capitalize on market opportunities.
Investment Opportunity
The electrical contracting business we are presenting for sale has a proven track record, a skilled workforce, and established relationships within the industry. Given the current market dynamics—characterized by strong demand, a construction boom, and a limited supply of skilled labor—this business represents a compelling investment opportunity.
In summary, the Las Vegas metro area in 2025 offers a fertile environment for electrical contracting businesses. The convergence of construction growth, infrastructure development, and population increase creates a sustained demand for electrical services. Acquiring an established business in this sector positions investors to reap the benefits of a thriving market.
For more information on this opportunity, please contact us to discuss further details and arrange a confidential consultation.