Price: $4,000,000
Location: Middlesex County, New Jersey
Industry: Construction
Listing ID: const133
Extraordinarily successful licensed Electrical 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 company gross sales $2,834,364 for 2020, and the 2021 gross income was $3,200,000. The 2022 gross yearly sales are projected at $4,000,000 and a consistent net yearly income of approximately $750,000 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 opportunity 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.
Listing Details
Revenue: $4,000,000
Cash Flow: $775,000
FFE: $775,000 (Included in Price)
Inventory: $10,000 (Included in Price)
Reason For Sale:
The present owners have elected to retire from this industry after many years of personal success.
Training & Support:
The owner will do their best to supply post-closing training & a transitional period to the new operator.
Location
Facilities Information:
The present owners have elected to retire from this industry after many years of personal success.
Summary
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.