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Listing ID: 1501864

Successful Electrical Contractor Business For Sale

Rockland, New York, United States

$ 2,000,000

Revenue: $ 6,350,730

Cash Flow: $ 531,960

Business Description

Successful electrical contractor headquartered in Rockland county, NY. Virtually all contracts are commercial/industrial. The company is recognized as an industry leader in providing quality electrical installations on time and within budget, serving the needs of the lower Hudson Valley NY and northern New Jersey. They hold licenses in Rockland, Orange, Putnam & Westchester counties in NY, and the state of New Jersey.

Their clients consist of big box stores, large restaurants, medical office buildings, laboratories, large warehouses (1/2 million SF), mall retail stores, casinos, military facilities, high end custom homes (under 5%). The hard assets (vehicles, furniture, fixtures, equipment, tools & inventory) are available to the buyer on an as needed basis and are not included in the asking price. Please write to TBC Business Brokers, Philip Pearl, CPA tbcpearl@aol.com for a complete information package.

Property Details

Years Established:

28

FF&E:

$ 246,556

Inventory Value:

$ 88,700

Other Details

Premise Details:

3,000 SF building with ample parking and yard. Extensive iffice equipment in support of estimating, design, customer service, bidding and overall administration.

Expansion Potential:

There is currently a contract backlog in excess of $3.1 million, work in progress totaling $2.1 million plus major commercial/industrial projects on the drawing board and in the bidding stage totaling $11.6 million.

Operation Details

Employees:

26

Support & Training:

Owner will train and assist in a smooth transition. He is also willing to remain with the company at the request and pleasure of the new owner, details to be mutually agreed upon.

Relocatable:

Business Relocatable

Miscellaneous

Financing Available:

Yes
Some seller financing is available to qualified buyers.

Reason For Selling:

Retirement.

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