Hot Listing
Long-Established Electrical Contractor with 80-90% Repeat Business
Business Description
Service Business with Strong Cash Flow
This firm is a well-established commercial electrical contractor in New Jersey and New York and offers an amazing opportunity for a master electrician to become their own boss or for an electrical contracting firm to expand their business.
Established in 1991, they offer a wide range of electrical contracting services, including construction, renovation, maintenance, voice data, and fire alarm services. The majority of their work, about 70%, is focused on renovations and conversions. New construction makes up the remaining 30%. About 60% of their work involves supermarkets, while the remainder consists of mixed retail and other commercial projects.
They cater to a range of clients such as developers, retail chains, supermarkets, general contractors, and business owners in Long Island, Nassau, and Suffolk counties.
Their 80-90% repeat business is due to their high level of professionalism. The Seller’s strong ties to the electrical community include leadership roles on various boards. Due to their exceptional work and strong connections, they haven’t needed to compete for projects. As a result, there is a tremendous opportunity for expansion. Besides competing for projects, the Company might consider delving into solar opportunities. Also, they have yet to enter the healthcare and hospital sector.
Established in 1991, they offer a wide range of electrical contracting services, including construction, renovation, maintenance, voice data, and fire alarm services. The majority of their work, about 70%, is focused on renovations and conversions. New construction makes up the remaining 30%. About 60% of their work involves supermarkets, while the remainder consists of mixed retail and other commercial projects.
They cater to a range of clients such as developers, retail chains, supermarkets, general contractors, and business owners in Long Island, Nassau, and Suffolk counties.
Their 80-90% repeat business is due to their high level of professionalism. The Seller’s strong ties to the electrical community include leadership roles on various boards. Due to their exceptional work and strong connections, they haven’t needed to compete for projects. As a result, there is a tremendous opportunity for expansion. Besides competing for projects, the Company might consider delving into solar opportunities. Also, they have yet to enter the healthcare and hospital sector.
About the Business
- Years in Operation
- 34
- Employees
- 16
- Facilities & Assets
- Located in a facility in New York, with all necessary licenses and operational equipment included.
- Market Outlook / Competition
- Large number of competitors in the area with plenty of work for all. This firm’s niche of retail and grocery chains keeps them consistently busy.
- Opportunities for Growth
- With a solid foundation and reputation, this company is perfectly positioned for growth, especially in the rapidly expanding sectors of solar energy and healthcare facilities. By actively pursuing opportunities in these sectors, the business could secure new revenue streams and further diversify its client portfolio. The solar industry offers an excellent expansion path as demand for renewable energy solutions continues to rise. Additionally, healthcare facilities in Long Island present a largely untapped market.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,800
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Owner willing to train for a negotiated amount of time.
Listing Info
- ID
- 2302684
- Listing Views
- 5564
Listing ID: 2302684 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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