Electrical Contractor - Successful and Growing
| Asking Price: | Not Disclosed | Inventory: | $65,000 ++ |
| Gross Revenue: | $2,793,196 (comments below) | Real Estate: | n/a |
| Cash Flow: | $409,764 (comments below) | FF&E: | $115,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 2008 Gross Revenue | |||
| Cash Flow Comments: SDCF | |||
Our client is a large electrical contracting firm in New Jersey. Throughout their twenty plus year history, they have served commercial, industrial and manufacturing, restaurants, assisted living facilities, residential developers, hotels/motels, hospitals, and educational clients. Licensed in New Jersey, Delaware, and Pennsylvania, they are committed to providing unparalleled service to their customers in an ethical, environmentally responsible, professional, and responsive manner.
Developing a team of knowledgeable tradesman including a design specialist, estimator, and materials purchasing agent has been key in winning large scale commercial contracts. This electrical contractor has dedicated employees, a superior reputation, and industry knowledge in growing markets throughout the Mid-Atlantic region. All technicians are experienced, well-trained, and able to handle electrical problems at any time, day or night. To provide complete peace of mind, 24-hour Emergency Service is available.
This company has completed hundreds of projects for more than 200 companies in the region. Seventy to eighty percent of the bid requests come from existing customers, general contractors, commercial and residential builders, supply house employees, architects, and designers. They currently have numerous active contracts and millions of dollars worth of additional contracts in various stages of approval. This company manages its workflow to keep their employees working at full capacity on an ongoing basis. By holding down expenses and successfully bidding and winning new contracts, revenues for 2009 are tracking at a material increase from 2008.
The business currently operates out of a well maintained facility that is strategically located with easy access to project sites and major highways. The current owner is willing to lease the facility to a new owner at a reasonable rate.
The current owner wishes to pursue other interests at this time. He is prepared to assist the new owner with a smooth transition and believes the employees will remain with the business after the sale.
Developing a team of knowledgeable tradesman including a design specialist, estimator, and materials purchasing agent has been key in winning large scale commercial contracts. This electrical contractor has dedicated employees, a superior reputation, and industry knowledge in growing markets throughout the Mid-Atlantic region. All technicians are experienced, well-trained, and able to handle electrical problems at any time, day or night. To provide complete peace of mind, 24-hour Emergency Service is available.
This company has completed hundreds of projects for more than 200 companies in the region. Seventy to eighty percent of the bid requests come from existing customers, general contractors, commercial and residential builders, supply house employees, architects, and designers. They currently have numerous active contracts and millions of dollars worth of additional contracts in various stages of approval. This company manages its workflow to keep their employees working at full capacity on an ongoing basis. By holding down expenses and successfully bidding and winning new contracts, revenues for 2009 are tracking at a material increase from 2008.
The business currently operates out of a well maintained facility that is strategically located with easy access to project sites and major highways. The current owner is willing to lease the facility to a new owner at a reasonable rate.
The current owner wishes to pursue other interests at this time. He is prepared to assist the new owner with a smooth transition and believes the employees will remain with the business after the sale.
About the Business
Year Established:1986
Employees:33 full time -
Facilities:The business currently operates out of a well maintained facility that is strategically located with easy access to project sites and major highways. The current owner is willing to lease the facility to a new owner at a reasonable rate.
Market Outlook and Competition:The Mid-Atlantic region is continuing to grow. Like most of the industry, our client’s competition is made up of many small, electrical contracting companies that may employ 5-8 technicians. These companies are not prepared to handle large long-term contracts.
About the Sale
Management Training and Support:The current owner is prepared to assist the new owner with a smooth transition and believes the employees will remain with the business after the sale.
Reason For Selling:The current owner wishes to pursue other interests at this time.
Seller Financing:TBD
KEYWORDS: Electrical, Contractor, Electrical Contractor, New Jersey, commercial, manufacturing, assisted living, hotels, retro-fit, industrial, restaurants, residential developers, motels, hospitals, and educational clients. Pennsylvania, Delaware, licensed, electrician
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