Location: Bergen County, NJ
Industry: Building and Construction
Listing ID: P05122022
SBA Pre-Approved! Well established, successful licensed electrical contracting business serving clients in northern, NJ for 45 years. This highly organized, well-run business has long standing commercial, industrial, and residential clients including steady public contract work to keep them busy year-round. The owner runs the business from his office with commercial and residential crews performing the work. The Company employees two licensed electricians, helpers and an office administrator.
The business is a full service electrical contractor providing repair, maintenance, and installation services for electrical systems. They work with homeowners, general contractors, other businesses, and the NY/NJ Port authority.
The company is located in a 3100 sq ft commercial building owned by the seller. There are offices on the first and second floors with warehouse space high ceiling, extra large roll up door and space for vehicles. The building is available for lease or purchase with the business. Real estate price not included.
The Company is run by the owner who is ready for retirement after 45 years running the business. He has a full staff and the business is well positioned for a transition to a new owner. The sale includes 5 vehicles, tools of the trade, and miscellaneous inventory. This business would be a good acquisition for an individual electrician or another contractor looking to gain quality clients, expand territory, utilize additional staff and facilities.
Gross Revenue: $1,300,000
Cash Flow: $215,000
FFE: $125,000 (Included in Price)
Inventory: $10,000 (Included in Price)
Lender Pre-Qualified?: Yes
Terms and Conditions?:
20% down, SBA Finance Pre-approved
Reason For Sale:
Training & Support:
Seller will provide support during a transition for short term.
Year Established: 1977
Monthly Rent: 5000
Type of Location: Commercial building
Square Footage: 3100
Commercial building with second floor administrative office, first floor electrician's office, warehouse space, storage loft, extra large roll up door and space for vehicles inside and outside.
Strong growth potential with sales and marketing efforts.