Lighting Installation & Electric with 34M Backlog

Jamaica, NY


Asking Price: Annual Revenue:
$3,400,000 $11,989,250

Services: Construction, Contractors


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RE: Lighting Installation & Electric with 34M Backlog Broker: Jared Olson
Owner Financing is Available!
15% Buyer Down Payment $510,000 15% Seller Financing $510,000 15% Equity Roll $510,000 55% Bank Loan $1,020,000

Quick Facts

Asking Price: $3,400,000
Annual Revenue: $11,989,250
Net Profit: Not Disclosed
Cash Flow: $1,015,788
Total Debt: Not Disclosed
FF&E: $1,924,750
Real Estate: Not Disclosed
Year Established: 1993
Employees: 25
BBN Listing #: 906234398
Broker Reference #: TRA034-D

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Business Overview:

This lighting installation and electrical services business currently works with electrical contractors and large company buildings as well as transportation businesses specializing in rail, bus, and elevator services. This business is expected to continue doing exceedingly well and see ongoing growth as they currently have $34,600,000 of backlog in signed contracts for 2022 and 2023. Keeping these finalized contracts in mind, this business has an annualized cash flow of $1,015,788 which is higher than their pre-pandemic cash flow. 2022 has $14,400,000 in backlog and 2023 has $20,200,000 meaning that new ownership has the chance to slide into their role before the price of this business would jump up significantly next year. The current owner is looking to sell so they can care for their terminally ill spouse. To show their explicit belief in the success of the business, the seller has offered seller financing and equity roll for 30% of this purchase which is far above the market average of 10%. Services include lighting, power, access control, fire alarms, analytics, system installation, and security systems. They specialize in establishing BIM contracts for clients using industry-based software. Using these tools make the design and installation of electrical projects more efficient and cost effective. Becoming an electrical provider for job sites would be a significant growth route for new ownership moving forward.

Located in Jamacia, NY, and operating in all five boroughs, this company consistently offers competitive pricing to obtain both small and large projects. This company is well-staffed, with over 20 tradesmen on staff, along with 5 office staff to handle operations and clients. This highly experienced team of electricians and office staff will allow for the new owner to provide general oversight of the business. In addition to this, a buyer would also be getting over $1.9 million in assets to the business.

With a down payment of $510,000, a buyer can acquire not only this business, but also their reputation for being dedicated to providing quality and reliable electric work to its clients. Due to the fact that they have been in business for almost 30 years, a majority of their clients are repeat or referrals. This electric company is ready to leave a new owner with an experienced crew and client base that will continue its effective work and legacy.

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Property Features and Assets:

Assets Included in Purchase: $1,924,750 Vehicles: $60,480 Equipment: $249,131 Deposits & Prepaid Expenses: $215,139 Working Capital: $1.4M (AR $3.1M – AP $1.7M) *amounts may vary, assets may be depreciated, replacement cost, or fair market value

Market Competition and Expansion:

Growth Opportunities: Becoming an electrical provider for job site projects.

Reason for Selling:

Terminally ill spouse.

Additional Details:

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

Documents:

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