Attractively Priced Electrical Contractor
Central Atlantic County, New Jersey (Atlantic County)
Building and Const. Services - Construction Sub-Contractors
Asking Price:   $1,195,000Inventory:   $80,000 ++
Gross Revenue:   $4,200,000Real Estate:   n/a
Cash Flow:   $420,000FF&E:   $405,000 ++
++ included in the asking price         ** not included in the asking price
This electrical contractor is successfully operating a business in southern New Jersey. The company has a target market in between Cape May and Tuckerton. Residential homes and developments represent 60% of the revenue base, with the remainder being light commercial. The seller has been in business since the early ‘70s and has a stable client base as indicated by a consistent revenue base, even in challenging “real estate” times. This business is well managed providing a strong cash flow to the seller. A buyer can expect $280,000 SD cash flow AFTER debt service, providing a 60% return on down payment. The facility is pre-qualified on an SBA lending base, and the seller will extend $200,000 in financing. The assumption of $400k in A/P is more than offset by the A/R of $550,000 (all current). The 50+ employees reflect a very well managed, loyal team with 10+ years of employment and are projected to stay with the buyer. The seller will provide a long-term lease for the property in line with SBA requirements, but will also consider a sale of the real estate if so desired. *** ALL DATA BASED ON SIGNED TAX RETURNS ***
About the Business
Year Established:1970
Employees:50 full time -
Relocatable:Yes
Facilities:Very nicely located, central and easily accessible
Market Outlook and Competition:Competition: Very Limited, company has excellent reputation, very long-term Growth and Expansion: Very good, as the county is one of the fastest growing ones
About the Sale
Reason For Selling:Retirement
Seller Financing:$450k Down, Seller Note $200k, Bank/SBA $550k

KEYWORDS: This electrical contractor is successfully operating a business in southern New Jersey. The company has a target market in between Cape May and Tuckerton. Residential homes and developments represent 60% of the revenue base, with the remainder being light commercial. The seller has been in business since the early ‘70s and has a stable client base as indicated by a consistent revenue base, even in challenging “real estate” times. This business is well managed providing a strong cash flow to the seller. A buyer can expect $280,000 SD cash flow AFTER debt service, providing a 60% return on down payment. The facility is pre-qualified on an SBA lending base, and the seller will extend $200,000 in financing. The assumption of $400k in A/P is more than offset by the A/R of $550,000 (all current). The 50+ employees reflect a very well managed, loyal team with 10+ years of employment and are projected to stay with the buyer. The seller will provide a long-term lease for the property in line with SBA requirements, but will also consider a sale of the real estate if so desired. *** ALL DATA BASED ON SIGNED TAX RETURNS ***


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Business Listed By
Achim Neumann  |  A Neumann Associates, LLC
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