Public Works Electrical: Owner will carry 30%

Not Disclosed, NY


Asking Price: Annual Revenue:
$2,800,000 $11,989,250

Services: Engineering, Architectural Services


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RE: Public Works Electrical: Owner will carry 30% Broker: Seller of Business
Owner Financing is Available!
10% Buyer Down Payment $280,000 15% Seller Financing with Benchmarks $420,000 15% Equity Roll $420,000 60% Bank Loan $1,680,000

Quick Facts

Asking Price: $2,800,000
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 #: 324134398
Broker Reference #: TRA034-G

Email or Print Listing

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Business Overview:

This Commercial Electrical Contracting company is well-staffed with over 20 tradesmen alongside the 5-office staff that handle operations and client relations. This industry leading team works with electrical contractors and large company buildings as well as transportation businesses specializing in rail, bus, and elevator services. They specialize in establishing BIM contracts for clients using industry-based software. Using these tools to make the design and installation of electrical projects more efficient and cost effective. Their services include lighting, power, access control, fire alarms, analytics, system installation, and security systems. They are a value-added reseller and handle electrical installation but are not general contractors. 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 significantly increases within the next year. The current owner of this commercial electric contracting company handles general oversight, and, to show their explicit belief in the success of the business, the seller has offered seller financing with benchmarks and equity roll for 30% of this purchase which is far above the market average of 10%.

Located in Jamacia, NY, and operating in all five boroughs, this company consistently offers competitive pricing to obtain both small and large projects. This business has multiple routes for possible growth including becoming an electrical provider for job sites. In addition to the soft assets like the excellent business practices currently in place, a buyer would also acquire over $1.9 million in assets with this business.

With a down payment of $280,000, 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:

Vehicles: $60,480; Equipment: $249,131; Deposits & Prepaid Expenses: $215,139; Working Capital: $1.4M (AR $3.1M – AP $1.7M).

Market Competition and Expansion:

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:

Relevant Links:

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