Seller's Contact Information
- RE: Electrical Contractor
- Contact: Ron Cervelli
Quick Facts
| Asking Price: | $4,250,000 | |
| Annual Revenue: | $4,125,000 | |
| Net Profit: | $710 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 760,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2000 | |
| Employees: | 22 | |
| BBN Listing #: | 24203909 | |
| Broker Reference #: | CONST145 |
Business Overview:
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 $700,000 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.
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Property Features and Assets:
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.
Market Competition and Expansion:
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.
Reason for Selling:
Owner retiring.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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