Electrician-$400K Cash Flow- Only $49,900 Down

Not Disclosed, NJ

Asking Price: Annual Revenue:
$499,000 $1,252,140

Services: Construction, Contractors

Request More Information
Contact the Seller

RE: Electrician-$400K Cash Flow- Only $49,900 Down Broker: Russell Miller

Quick Facts

Asking Price: $499,000
Annual Revenue: $1,252,140
Net Profit: Not Disclosed
Cash Flow: $459,577
Total Debt: Not Disclosed
FF&E: $153,230
Real Estate: Not Disclosed
Year Established: 1991
Employees: 7
BBN Listing #: 23594955
Broker Reference #: 3401-14684

Email or Print Listing

Request More Information
Contact the Seller

Business Overview:

· Over $1.2MM in sales

· Over $400,000 owner benefit

· Jobs lined up through 1Q23

· Turning down work

Calling all contractors. Increase your sales now by $1.2MM

The business is Open, Operating and Sales are Up already in 2022!

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 30 years. Their revenue is derived from 90% project-based and 10% maintenance work.

This is a Turnkey Operation with work scheduled for the next 10+ months. Sales have had steady growth each year and are up in 1Q21. 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 install 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.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

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 = $160,087

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. This well respected brand offers substantial growth opportunities. Currently turning away work. Add service work and more service to grow rapidly.

Reason for Selling:

Seller would like to semi retire.

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.

Relevant Links:

Request More Information
Contact the Seller

BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!