Well Established Electrical Contracting Company with Property
| Asking Price: | $2,200,000 |
| Gross Revenue: | $1,900,000 |
| Established Year: | 1970 |
| Cash Flow: | $480,000 |
| FF&E: | $200,000 |
This is a rare opportunity to purchase an extremely well-established Electrical Contracting Company business along with its real estate property. For 50+ years, this Company has been servicing the commercial electrical contracting needs of greater Long Island with top quality service and repair. The key to the Company’s success and longevity has been their expertise in their niche, along with an emphasis on a high-level of customer service. The Company has strong gross margins and plenty of repeat business from key commercial business sectors including manufacturing, municipalities and schools. The Company employs a well-trained staff including technicians, drivers and customer service who have all been trained in their ‘customer first’ approach. The Company’s services have proven to be resilient through Covid and market ups and downs because these are needed services; they have demonstrated consistent strong revenues and earnings over the years. One of the two main partners is now looking to retire and wants to transition this very successful business along with their incredible client relationships to a new owner. Please note, the second partner intends to stay on with the Company making for a very smooth transition. In addition, even the retiring partner will give the new owner a healthy transition period. The owners own the real estate property and are selling the business in a turnkey manner including the building, a full warehouse of mechanical tools and equipment along with 7 service vehicles. With annual revenues of almost $2M, plus earnings of approximately $380k-$480k, strong margins, and a repeat commercial customer base, this business represents a strong opportunity for an electrician or mechanical specialist to build upon. There is plenty of cash-flow to support the debt service on a property mortgage as well as replace the salary of the retiring partner. The business is priced at $2.2M including the property, equipment and assets. Qualified candidates, please refer to listing number 15467 when inquiring about this opportunity.
