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Business For Sale
ATTRACTIVELY PRICED ELECTRICAL CONTRACTOR
Attn:
Achim Neumann
Central Atlantic County, NJ, USA
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Listing Number: "1492-1035C"
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Listing
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Asking Price: |
$1,195,000
USD USA Dollars
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Business for Sale Industry: |
Services: Construction, Contractors
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Reason for Selling:
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Retirement |
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Year Established:
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1970 |
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# of Employees:
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50 plus |
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Yearly Revenues:
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$4,200,000 |
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Yearly Cash Flow:
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$420,000 |
Business for Sale 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.
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.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner may be willing to work for 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.
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