Electrical & HVAC Company

Monmouth County, NJ

Seller Financing Available
Electrical & HVAC Company
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Asking Price: N/A

Cash Flow: $267,412

Gross Revenue: $2,620,671

EBITDA: N/A

FF&E: $250,000

Inventory: N/A

Rent: $4,000 /Month

Established: 2004

Electrical & HVAC Company

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Business Description

Highly successful Electrical & HVAC Contracting Company, founded in 2004, as a full service electrical contracting firm specializing in the installation and maintenance of electrical systems for commercial industrial governmental institutional facilities and residential homes throughout the state of New Jersey. The gross income represents 75% electric service and 25% HVAC work. The company’s income consists of 70% residential and 50% of the work represents yearly contracts with their various customers. This business continues to provide innovative and cost-effective electrical expertise to owners, contractors, architects and engineers in both the design/build and competitive bid markets. Their extensive project portfolio shows their diversity and their commitment to quality and excellence is the cornerstone of their existence. They offer their clients exceptional value with the highest possible quality and service in the electrical contracting industry. This company also specializes in new commercial electrical construction and boasts a growing new construction multi-family division. With over 15 years of combined experience in commercial, industrial electrical and multi-family construction, their staff brings innovation, knowledge, dedication and success to each project, and they keep their focus on the highest possible client satisfaction from start to finish of every project. They deliver on their promise of great customer service and a simple and painless experience. The company has twenty-six full & part time of non-unionized employees who are unaware of the pending sale and fully expected to remain post-closing and the monthly payroll is approximately $80,000 and the company has no sales agents. The sale will include a new commercial lease which will expire 2029, plus additional options, with a monthly rent of $4,000, cost per square foot of $16 and a rent security of $8,000. The business has been valued based on a multiple of the net yearly income along with the value of the specific business assets additionally bank & seller financing can be considered to a qualified buyer with the appropriate down payment, collateral and credit rating. A formal financial due diligence is required in order to evidence the company’s net income. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.

Detailed Information

Location:
Monmouth County, NJ
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
N/A
Employees:
26
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is located in a fully upgraded modern commercial facility consisting of two buildings consisting of 1,500 square foot administrative offices and a 3,600 square foot warehouse used for storage.
Competition:
Due to the specific type of industry there appears to be a limited number of competitors regarding this particular business transaction. Also to the best of our knowledge, no other new competitors are expected near to this business and the owner have agreed to supply an appropriate non-compete agreement to the purchaser.
Growth & Expansion:
The business presently has an acceptable marketing plan and excellent web site, however the income can be further improved with onsite ownership.
Financing:
Available to qualified buyers.
Support & Training:
The owner will do their best to supply post-closing training & a transitional period to the new operator.
Reason for Selling:
The present owners represent an absentee partnership.
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(from currently available funds)
 
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Ron Cervelli

Business Listed By:
Customer Service

Regal Consulting Corp.

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