NY State Electrical Contractor

NY

NY State Electrical Contractor

Asking Price:N/A

Cash Flow:N/A

Gross Revenue:$21,000,000

EBITDA:$954,000

FF&E:N/A

Inventory:N/A

Established:N/A

NY State Electrical Contractor

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Business Description

The Company provides design, engineering, and construction for public and private clientele. Its facility contains a prefab shop, which is equipped to support pre-construction and installation activities.

In 2015, the Company’s services by percentage of sales were attributable to the following project types: Electrical wiring (new buildings) – 59%, Electrical wiring (building renovation) – 31%, and Solar – 10%.

The Company serves general contractors in the commercial construction industry. The scope of projects includes retail, multi-family, public institution, and government buildings. The majority of clients are based in New York and the Mid-Atlantic region.

The Company currently employs between 100 and 120 full-time employees. The base is spread across 7 departments: Estimating and Sales (6), Executive (1), Construction (6), Accounting (3), Administration (2), Education/Safety (1), and Field (80 to 100).

The Company maintains long-term customer relationships; however, projects can vary in scope and duration throughout any given year. In 2015, 61% of total revenue was from repeat business.

Detailed Information

Competition:
- Strong Balance Sheet: Current ratio 4.0 - Audited Financials: Gross profit margin of 17.5% in 2015 - Good Historical Growth: CAGR of 17.4% over the last three years
Financing:
Negotiable
Support & Training:
As needed
Reason for Selling:
Retirement

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Doug Smith

Business Listed By:
Doug Smith

Generational Equity, LLC

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Lisa Lippe

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