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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Electrical & HVAC Co.
(Services)
Monmouth County , NJ
Listing ID: SVS393

Listing DetailsGross Revenue: $ 3,045,511
FFE: $ 250,000 (Included in Price)
Inventory: $ 10,000
Reason for Sale:

The present owners represent an absentee partnership.


Training & Support:

The owner will do their best to supply post-closing training & a transitional period to the new operator.


OperationsYear Established: 2004
Days & Hours of Operation: Mon.-Sun. 8am-4:30
Non-owner Payroll: $ 80,000
Employees: 26
Absentee Owner: No
LocationLease Expire: 0000-00-00
Square Footage: 1500
Facilities:


The business is located in a fully upgraded modern commercial facility consisting of two buildings consisting of 1,500 square foot administrative offices and a 3,600 square foot warehouse used for storage. The business location consists of a commercial use, on a county road and near to various highways.


SummaryBusiness Description:

Highly successful Electrical & HVAC Contracting Company, founded in 2004, as a full service electrical contracting firm specializing in the installation and maintenance of electrical systems for commercial industrial governmental institutional facilities and residential homes throughout the state of New Jersey. The gross income represents 75% electric service and 25% HVAC work. The company has a gross yearly income of $3,045,511 and a consistent net yearly income to the owner operator. The company’s income consists of 70% residential and 50% of the work represents yearly contracts with their various customers. This business continues to provide innovative and cost-effective electrical expertise to owners, contractors, architects and engineers in both the design/build and competitive bid markets. Their extensive project portfolio shows their diversity and their commitment to quality and excellence is the cornerstone of their existence. Because they focus on relationships with their clients, they can analyze any project and customize specific procedures and schedules for a more efficient and productive jobsite. They offer their clients exceptional value with the highest possible quality and service in the electrical contracting industry. This company also specializes in new commercial electrical construction and boasts a growing new construction multi-family division. With over 25 years of combined experience in commercial, industrial electrical and multi-family construction, their staff brings innovation, knowledge, dedication and success to each project, and they keep their focus on the highest possible client satisfaction from start to finish of every project. They are dedicated to providing cost-effective planning, quality craftsmanship and professional integrity to their customers all while completing the project on time and under budget. Whether you are looking for a home remodel or a large commercial job, they can continue to supply quality service with a wide range of service offerings. They deliver on their promise of great customer service and a simple and painless experience. The company has twenty-six full & part time of non-unionized employees who are unaware of the pending sale and fully expected to remain post-closing. The business is active based on a seven-day work schedule with hours from 8:00 am to 4:30 pm, however based on the industry demands the company is on call 24/7. The business has been valued based on a multiple of the net yearly income along with the value of the specific business assets additionally bank & seller financing can be considered to a qualified buyer with the appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.


Competition:

Due to the specific type of industry there appears to be a limited number of competitors regarding this particular business transaction. Also to the best of our knowledge, no other new competitors are expected near to this business and the owner have agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business presently has an acceptable marketing plan and excellent web site, however the income can be further improved with onsite ownership.


Financing/Terms:

Available to qualified buyers.