ELECTRICAL CONTRACTOR. CONST140

Price: $4,125,000

Location: Middlesex County, New Jersey

Industry: Services

Listing ID: CONST140

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 had a 2021 net income of $554,000 and gross sales $4,165,049 for 2022, a consistent net yearly income of $600,000 Plus, 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. They pledge to remain in the forefront of the electrical industry for the continued benefit of our customers. 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 Electrical Contractors 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. Commercial electrical projects usually require a very well-trained professional electrician to ensure complete satisfaction. This is crucial to overall workplace functionality which can impact a company’s bottom line. They are dedicated to providing cost-effective planning, quality craftsmanship and professional integrity to our customers all while completing the project on time and under budget. Their highly skilled and resolute mechanics are absolutely held to the highest standards in the industry. 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.

 

Listing Details

Revenue: $4,165,000

Cash Flow: $609,999

FFE: $770,000 (Included in Price)

Inventory: $5,000

Real Estate:$750,000

Training & Support:

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

Operation

Year Established: 2000

Days & Hours of Operation: The business is active based on a five-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/seven.

Owner Hours Per Week: Full Time

Employees: The company has twenty-two full & part time of non-unionized employees who are unaware of the pending sale and fully expected to remain post-closing and the monthly payroll is approximately $65,000 and the company has no sales agents.

Location

Square Footage: 3,400

Relocatable?: Yes

Facilities Information:

The business is located in a fully upgraded modern commercial facility consisting of two buildings consisting of 1,600 square foot administrative offices and an 1,800 building for storage. The business location consists of a commercial use, on a county road and near to various highways.

Summary

Owner Qualifications:

This purchase opportunity requires New Jersey State government approval and licensing due to the requirements of the liquor license transfer. The owner will allow the use of his electrical license.

 

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:

Additionally, bank & seller financing can be considered to a qualified buyer with the appropriate down payment, collateral, and credit rating

Ron Cervelli

contactus@regalconsultants.com

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