Electrical Engineering Firm, Consistent Revenues

New Jersey

Seller Financing Available

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Asking Price:$750,000
Gross Revenue:$1,197,723
Established Year:1996
Cash Flow:$154,337
Inventory:$43,933
BUSINESS DESCRIPTION

Electrical Engineering Firm with Strong 2024 Growth!

Founded in 1996 by its chief engineer and headquartered in New Jersey, this well-established firm is a leading provider of electrical engineering services. The company specializes in the custom design, installation, upgrading, and maintenance of control and automation systems.

With 25 years of industry experience, this skilled team serves major manufacturing companies across a variety of sectors. Renowned for enhancing machine efficiency and reducing production downtime, they offer expert services in automation control solutions, PLC programming and troubleshooting, SCADA systems, and control system retrofits.

Every system, whether newly designed or upgraded, is customized to meet each client's unique requirements. Systems are precisely fabricated, certified, and professionally installed to ensure quality and reliability.

Low overhead makes this a great opportunity, as there is no central office: workers have always worked remotely or at client sites. All engineers (3 full-time) have significant hands-on knowledge and expertise that can only be gained by working with a wide variety of control and automation systems that span multiple industries.


DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Employees
8
Facilities
Low overhead - the company has always operated out of the owner's home with all workers remote.
Financing
$500K down/$250K over 36 mos. @ 10%.
Support & Training
Will train for 4 weeks @ $0 cost.
Reason for Selling
Owner Retiring.
Home-Based
This business is Home-Based
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Darren
Smith
Darren Smith