Leak Electric, 48-Year Tulsa-Area Electrical Contractor

Full Editorial Writeup

This is a family-owned electrical contracting business founded in 1978, serving the greater Tulsa metropolitan area for nearly five decades. The company works across residential, commercial, and light industrial sectors, handling everything from panel replacements and service upgrades to new construction, generator installs, and lighting work. Nearly 50 years of operating history in one market has produced a loyal customer base and a trusted local brand, which matters in the trades where reputation drives referral flow.

The financials are clean and simple: roughly $1.2M in annual revenue against $750K in seller discretionary earnings, a 62.5% cash flow margin, and zero debt. The operation runs on 7 people (3 journeyman electricians and 4 helpers) plus a fleet of 6 fully equipped service trucks, all owned free and clear. The team operates out of a leased 7,000 sq ft facility at $3,000/month with a lease running through January 2027.

What makes this notable is the price. At $1.5M asking against $750K SDE, this is a 2x multiple, which is cheap for an essential-trade services business with this margin profile and history. The catch is understanding how much of that $750K is owner labor versus true transferable earnings, since a heavily owner-dependent shop justifies a lower multiple and requires a hiring plan on day one.