Profitable Electrical Engineering Company

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State of NJ Exclusive Provider - Substantial Growth Potential
Asking Price:
$1,250,000

Gross Revenue:
$1,055,786
Cash Flow:
$370,628
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

The Company is a premier provider of electrical engineering, automation solutions, PLC programming / troubleshooting, SCADA systems and control system retrofits. The company also provides air recycling systems, hot fill bottle fillers and hot fill spray tank systems.

The Company was founded in 1996 by its chief engineer who is also its sole owner and is based in North Jersey. The owner of the company also serves as the director of Sales Development, Engineering Support, Overall management of Operations and Finances. The workforce is stable and the company currently employs 6 full-time employees and 2 part-time employees. The business has not experienced a significant amount of turnover and its engineers are all degreed (one has masters). All have significant experience.

About the Business

Location:
Essex County, New Jersey
Year Established:
1996
Number of Employees:
6 FT/2 PT
Relocatable:
Yes
Home Based:
Yes
Real Estate:
Owned
Facilities:
The company operates out of a private home near the business district.
Market Outlook/
Competition:
There are several competing engineering firms but few that have their expertise. Well established client base.
Growth & Expansion:
The company provides remote operations for it's customers under contract. This is a huge cost advantage which has much potential for current and future projects.
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About the Sale

Reason For Selling:
Owner retiring after 20 years.
Training/Support:
Will train for 4 weeks @ $0 cost.
All of its engineers have the hands-on knowledge and expertise that can only be gained by working with a wide array of control and automation systems that span multiple industries.
Seller Financing:
$1,000,000 down/$250k for 36 mos. @ 7%

Listing Info

ID:
1596426
Ad Detail Views:
0

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Business Listed by

Ed O'Deven

Murphy Business Sales

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