An electrical services company came to Marty Park doing about $1.5 million a year. Solid reputation, steady demand, and a business that ran entirely through its owner, who did every quote, every hire, and every important call himself.
Over five years, through a recession and COVID, they rebuilt it: the pricing, the systems, and a team that could run the work without the owner standing over every job.
Here’s what most people miss. Revenue nearly doubled, to $2.75 million, and profit more than tripled, from $136,000 to $323,000. But the number that matters most for capital is this: the business went from being worth about $750,000 to $2.4 million, because a business that runs without its owner is worth far more than one that doesn’t. And the owner went from never taking a vacation to six weeks off.
Not hype, and not a broker’s number. A real electrical services business, its value more than tripled by making it run without its owner, which is exactly what makes a business worth real capital, whether you grow it further or sell it one day. That is a real Evolve client.
