Electrical Contractor Business Plan Template [Updated 2024]

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II. Company Overview


You can download our Business Plan Template (including a full, customizable financial model) to your computer here.

Who is [Company Name]?

[Company Name], located in [insert location here] is a newly established family owned and operated electrical contracting company. The company will provide a full range of electrical services to not just [location], but the surrounding towns. [Company Name] will provide electrical services for residences, businesses, industrial projects, and newly developed homes and warehouses. [Company Name] will be centrally located in town to allow its fleet of vehicles and electricians to be dispatched at a moment’s notice and be able to reach the requested destination in a timely manner. With the ever changing technological landscape for homes and businesses, [Company Name] is in a unique position to succeed as it will be providing smart home and security solutions that other older already established electrical companies do not yet provide.

[Company Name] was founded by [Founder’s Name], a local electrical contractor who has worked at a large electrical and mechanical contractor company for over 40 years. [Founder] has overseen contracting projects of all sizes and has managed crews of dozens of contractors. [Founder] has realized that more skilled and technological electrical needs are now required for modern homes and warehouses that the local electrical contracting companies do not provide. His priority is to train all of his employees in the new technological electrical advancements so that they will become the premier electrical contracting company in the area.

[Founder] has saved his wages for the necessary down payment to receive local bank financing. He has also located a prime spot for the lease of a warehouse and company headquarters where the equipment and vehicles will be kept. Due to his experience and reputation in the electrical contractor industry, [Founder] has been able to receive written commitments from large development companies in [location] for them to be the preferred electrical subcontractor for their upcoming projects.

[Company Name]’s History

Once his market analysis was complete, [Founder’s Name] began surveying the local vacant warehouse space and decided on an available space with plenty of surface parking to house the company’s large fleet of vans and trucks. [Founder’s Name] incorporated [Company Name] as a Limited Liability Corporation on [date of incorporation].

Once the lease is acquired for the warehouse space, light construction can begin to build-out the company’s headquarters and small office.

Since incorporation, the Company has achieved the following milestones:

  • Located a vacant warehouse that would be ideal for the company
  • Developed the company’s name, logo, and website located at [website]
  • Hired a general contractor for the build-out of the warehouse, small office, and parking area
  • Determined equipment and necessary supplies
  • Determined how many vehicles necessary for the fleet
  • Attained Letters of Intent from large industrial clients
  • Began recruiting key employees that are licensed and trained as electrical contractors

[Company Name]’s Products/Services

Below are [Company Name]’s product offerings:

  1. Smart Home Installation
  2. Security System Installation
  3. Home Theater Installation
  4. Camera System Installation
  5. LED Lighting Retrofit
  6. Residential Electrical
  7. Commercial Electrical
  8. Industrial Electrical
  9. Audio Visual Solutions
  10. Lighting Control
  11. Network System Installation
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