Business Overview:
This electrical contractor is successfully operating a business in
southern New Jersey. The company has a target market in between Cape May and Tuckerton. Residential homes and developments represent 60% of the revenue base, with the remainder being light commercial. The seller has been in business since the early ‘70s and has a stable client base as indicated by a consistent revenue base, even in challenging “real estate” times. This business is well managed providing a strong cash flow to the seller. A buyer can expect $280,000 SD cash flow After debt service, providing a 60% return on down payment. The facility is pre-qualified on an SBA lending base, and the seller will extend $200,000 in financing. The assumption of $400,000 in A/P is more than offset by the A/R of $550,000 (all current).
The 50 plus employees reflect a very well managed, loyal team with 10 plus years of employment and are projected to stay with the buyer. The seller will provide a long-term lease for the property in line with SBA requirements, but will also consider a sale of the real estate if so desired. All Data Based On Signed Tax Returns.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Very nicely located, central and easily accessible.
Market Competition and Expansion:
Competition: Very Limited, company has excellent reputation, very long-term.
Growth and Expansion: Very good, as the county is one of the fastest growing ones.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.