Lean Electrical Contracting Business for Sale

Passaic County, NJ
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Asking Price:$850,000
Gross Revenue:$1,505,446
FF&E:$230,000
Cash Flow:$307,449
Rent:$2,000/Month
Established Year:2014
BUSINESS DESCRIPTION

Seller holds the electrician license for the firm. Buyers must have a plan for a new electrician license post-transition.

Since 2014, this company has served the commercial, residential and industrial electrical needs of the Tri-state area.

With a revenue mix comprised of approximately 75% commercial/25% residential, the company performs:

- Residential service work
- Commercial service work
- Commercial projects
- Light industrial service

Customers range from homeowners and business owners, to builders, property and facility managers, as well as to large corporations.

Between $60-100K of working capital is required.

Diverse supplier base with several different electric supply houses utilized.

Seller's Responsibilities:

General oversight and business development. He may work anywhere from 10-60 hours a week dependent on project scheduling. He is able to take a full month off per year with the business running smoothly due to his PM's skill level.

This is an ideal opportunity for an accretive bolt-on acquisition.


DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
240
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
12x20 Office (Trailer) in the backyard of a Mechanic Shop. This business can be relocated.
Growth & Expansion
Industrial Building/Warehouse Renovations
Support & Training
Transition Time: 6 Months maximum
Reason for Selling
Relocation
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Ken Freedman
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Ken Freedman