Leak Electric, 48-Year Tulsa-Area Electrical Contractor

$1.2M

Revenue

$750K

SDE

2.0x

Multiple

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Full Editorial Writeup

Established Electrical Contracting Business Since 1978 This exceptional acquisition opportunity represents a well-established electrical contracting company serving the greater Tulsa metropolitan area... Businesses Franchises Brokers Loading... Established Electrical Contracting Business Since 1978 Broken Arrow, OK (Tulsa County) Asking Price:$1,500,000 Cash Flow (SDE):$750,000 EBITDA:Not Disclosed Gross Revenue:Not Disclosed Established:1978 Established Electrical Contracting Business Since 1978 Business Description Exceptional Acquisition Opportunity Established Electrical Contracting Business Since 1978 This exceptional acquisition opportunity represents a well-established electrical contracting company serving the greater Tulsa metropolitan area for nearly five decades. Founded in 1978, this family-owned and operated business has built a sterling reputation delivering comprehensive electrical services across residential, commercial, and light industrial sectors. Financial Performance: Annual Revenue: $1,200,000 Seller's Discretionary Earnings: $750,000 Strong 62.5% cash flow margin demonstrates operational efficiency Debt-free operation with clean financials Service Offerings: Residential electrical services and upgrades Commercial electrical installations and maintenance Light industrial electrical projects New construction and remodel work Service upgrades, repairs, and troubleshooting Lighting installations and panel replacements Generator installations and specialty projects Operational Assets: Experienced workforce: 3 journeyman electricians and 4 electrical helpers Fleet of 6 fully equipped service trucks Complete inventory, tools, and equipment included 7,000 sq ft operational facility with lease through January 2027 at $3,000/month Storage racks and operational infrastructure Growth Opportunities: Expand service crews to capture increasing demand Grow commercial and industrial project portfolio Develop recurring maintenance contracts Capitalize on emerging EV charging station market Enhanced digital marketing initiatives Strengthen builder and contractor relationships This turnkey operation benefits from an established customer base, trusted brand reputation, and strategic positioning in the growing Tulsa market. The owner provides three months of transition support to ensure seamless continuity. With no existing debt and strong operational fundamentals, this represents an ideal opportunity for an experienced electrical contractor or investor seeking immediate cash flow and growth potential. Reason for Sale: Owner retirement after nearly five decades of successful operation. Ad#:2531584 Attached Documents LEAK ELECTRIC flyer for ... Confidential Offering Me... Detailed Information Employees: 7 Full-time 3 Journeyman and 4 helpers Facilities: 6 Fully Equipped Service TrucksTools & EquipmentInventoryStorage Racks & Operational AssetsAll Items are free and clear of any debt Competition: No Debt Nearly 50 Years of Operating History Trusted Family-Owned Reputation Strong Cash Flow Experienced Workforce Turnkey Operation Loyal Customer Base Seller Transition Support Established Presence Throughout the Growing Tulsa Metro Area Growth & Expansion: Expand Service CrewsIncreasing Commercial & Industrial ProjectsGrow Maintenance ContractsExpand Generator Sales & InstallationsCapitalize on EV Charging Station DemandIncrease in Digital Marketing EffortsDevelop Additional Builder & Contractor Relationships Support & Training: Will offer 3 months of transition time for new buyer. Reason for Selling: After nearly five decades the owner is ready to retire. Business Location Location: Broken Arrow, OK Real Estate: Leased Building SF: 7,000 Lease Expiration: 01/01/2027 Rent: $3,000 per month Financial Benchmarks for Oklahoma Electrical and Mechanical Contracting Businesses Gross Revenue Benchmarks Cash Flow (SDE) Benchmarks EBITDA Benchmarks BizBuySell EDGE Demographic Information for Broken Arrow Area Household Income Population Age Population Trend Population by Race/Ethnicity BizBuySell EDGE Listing Statistics Saved This Listing Listing Last Updated Appeared in Search Listing Detail Views BizBuySell EDGE Know the True Market Value Before You Make an Offer Get valuation data to negotiate with confidence. Get a Valuation Report Business Listed By: Tracy Leak Phone Number 918-734-5683 Voice only (no SMS) Ad#:2531584 The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Read BizBuySell's Terms of Use before responding to any ad. Learn how to avoid scams. Contact Form Full Name* Enter a valid Full Name Phone Number Enter Phone Number Email Address* Enter Email Address Optional Message Yes, send me the Buyer Newsletter for popular businesses, tips, & email promotions. Show sellers you’re serious - learn about BizBuySell Edge for premium buyer tools & alerts Send Message By clicking the button, you agree to BizBuySell’s Terms of Use and Privacy Notice Business Listed By: Tracy Leak Phone Number 918-734-5683 Your request has been sent. What Happens Next? is reviewing your details. A representative will reach out soon to discuss your options. Expect a response in 1-2 business days. Report an issue with this listing Similar Listings Electrical and Mechanical Contracting Businesses for Sale All Businesses for Sale in Tulsa County All Businesses for Sale in Broken Arrow, OK Heavy Equipment & Earthwork Services OK Asking: $10,000,000 Top Roofing Company-General Contractor OK Asking: $1,600,000 Commercial Plumbing Co w/ Strong Profit Margins Tulsa County, OK Asking: $1,800,000 Closets By Design Franchise Opportunity In OK Cash Required: $200,000 Â©2026 CoStar Group Send Message Listing Shared via Email a6301374279843840.cdn.optimizely.com a6301374279843840.cdn.optimizely.com is blocked This page has been blocked by an extension Try disabling your extensions. 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Why we like it

The earnings quality is strong on paper: $750K SDE on $1.2M revenue is a 62.5% margin with a debt-free balance sheet and 6 trucks owned outright. Electrical contracting is a real cash business with predictable demand, and clean financials at this size are more the exception than the rule.
Durability is baked in after 48 years in one market. Electrical work is non-discretionary, code-mandated, and cannot be offshored or DIY'd safely, so the demand is sticky through cycles. A near-half-century local reputation is a genuine moat in the trades where homeowners and GCs buy on trust and referral.
Market tailwinds favor Tulsa metro, which continues to grow in population and construction activity. Residential upgrades, generator demand, and the emerging EV charging install market all layer onto a proven base of repair and new-construction work.
The operator advantage here is price and simplicity. A 2x multiple on essential-trade SDE is well below typical asks for this profile, giving an experienced electrician or trades operator immediate cash flow with room to expand crews and add recurring maintenance revenue.

How to improve it

Build recurring maintenance contracts with commercial and light-industrial clients in the first 90 days. Converting one-off service calls into annual service agreements smooths revenue, raises the multiple at exit, and reduces dependence on transactional new-construction work.
Add a fourth journeyman and a second crew to break the throughput ceiling. With only 3 journeymen and 4 helpers, the business is likely turning away or delaying jobs, so hiring one licensed lead can unlock incremental revenue that is nearly all margin.
Launch a focused EV charging installation offering. The residential and commercial EV charger market is growing fast, the work fits the existing crew skillset, and it is an easy cross-sell to the existing customer base and builder relationships.
Invest in basic digital marketing and lead capture. A 48-year-old family shop almost certainly relies on referrals and phone calls, so a modern website, Google Business Profile optimization, and paid local search can generate a measurable new-customer pipeline.
Formalize the generator sales and install line as a standalone profit center. Generators carry strong ticket sizes and margins, pair naturally with storm-prone Oklahoma weather, and can be marketed proactively rather than sold reactively.
Systematize dispatch, quoting, and job costing with field-service software. Tightening scheduling and per-job margin visibility protects the 62.5% margin as crews scale and reduces the reliance on the owner's institutional memory.
Deepen builder and general-contractor relationships to lock in repeat commercial volume. A handful of preferred-vendor agreements with active GCs can provide a steady base load of work that fills crew capacity between service calls.

Diligence notes

The single most important question is how much of the $750K SDE is the retiring owner's labor and relationships. Quantify the owner's day-to-day role, hours, and job functions, then model the cost of replacing him, because that directly determines the real transferable earnings and whether the 2x multiple is truly cheap.
Verify the financials against tax returns and bank statements since revenue was listed as Not Disclosed in the headline but $1.2M in the body. Confirm the 62.5% margin is sustainable and not inflated by underpaying the owner or deferring truck and equipment replacement.
Assess licensing and key-man risk on the journeymen. Electrical work requires licensed personnel, so confirm which license the business operates under, whether it transfers with the sale, and how tenured and retention-safe the 3 journeymen are.
Review the customer and revenue concentration across residential, commercial, and light-industrial segments. Understand what share comes from repeat customers versus one-time new construction, and whether any single builder or client drives an outsized portion of revenue.
Confirm the lease terms and renewal risk on the 7,000 sq ft facility, which expires January 2027. Given the trucks and inventory are stored there, understand landlord intentions, likely renewal rent, and relocation cost if the space is not extended.

Source

Originally listed on BizBuySell. View original listing →