Electrical Contractor - Only $65K Down

Not Disclosed, NJ

Asking Price: Annual Revenue:
$650,000 $916,490

Services: Construction, Contractors

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RE: Electrical Contractor - Only $65K Down Broker: Russell Miller

Quick Facts

Asking Price: $650,000
Annual Revenue: $916,490
Net Profit: Not Disclosed
Cash Flow: $355,791
Total Debt: Not Disclosed
FF&E: $153,230
Real Estate: $250,000
Year Established: 1991
Employees: 7
BBN Listing #: 28964955
Broker Reference #: 3401-14684

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Business Overview:

Calling all contractors. Increase your sales now by $900,000+ - Increase your cash flow by over $200,000 and do it all with only a $65,000 down payment!

The business is Open, Operating and Sales are Up in 2020!

Very successful electrical contracting business for sale in New Jersey. The business specializes in the design, installation and maintenance of electrical systems in homes plus some commercial buildings. Established in 1991, the company has been an industry leader for 28 years. Their revenue is derived from 90% project-based and 10% maintenance work.

Their customers are 95% contractors working on new installations. Well respected brand with 100% of business coming from referrals and repeat business. The company has a very high Bid-Hit Ratio winning 80% - 95% of the jobs they bid on. The Company has well-defined systems and processes for growing sales and maintaining a strong cash flow while managing a substantial workload.

This is a Turnkey Operation with work scheduled for the next 10+ months. Sales have had steady growth each year and are up in 1Q20. The profit margin has improved as well and is currently over 25%. The company is at capacity and is turning jobs away. A new owner could grow another 20% by adding 1 more mechanic with no CAPEX.

The business has a team of dedicated tenured employees. This Committed Workforce will stay with new owner. The average job size is in excess of $20,000 and the company is on 2 - 3 jobs at any given time for approximately 40 jobs per year.

Over the past several years, the owner has made a conscious decision to instill well-defined systems and processes to help increase the efficiently of the business. The business runs as a turnkey operation and the owner is in the field daily but as an overseer and focuses on long term strategic goals as well as quality control.

Many of the customer and supplier relationships are not controlled/managed by the owner but are maintained through the lead mechanics.

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Property Features and Assets:

The Business can be run as a home-based business with a 500 to 750 square feet storage area for equipment and parking for the trucks. Assets = $156,296

Market Competition and Expansion:

The Business has a long-time customer base with several General contractors that require ongoing work. Business continues to grow however the seller cannot take on all of the work their company is getting without expanding the staff. Ideal opportunity for younger electrician or company or to expand an existing construction business. You can buy $900,000 in sales for only $65,000 down.

Reason for Selling:

Seller would like to semi retire and relocate.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is not a franchise resale opportunity.

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