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Profitable Electrical Engineering Company

Essex County, NJ (Relocatable)

Seller Financing Available
Profitable Electrical Engineering Company
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Asking Price: $1,250,000

Cash Flow: $370,628

Gross Revenue: $1,055,786

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1996

Profitable Electrical Engineering Company

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Business Description

State of NJ Exclusive Provider - Substantial Growth Potential

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.

Detailed Information

Location:
Essex County, NJ
Real Estate:
Owned
Building SF:
N/A
Employees:
6 FT/2 PT
Facilities:
The company operates out of a private home near the business district. (Home Based)
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.
Financing:
$1,000,000 down/$250k for 36 mos. @ 7%
Support & Training:
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.
Reason for Selling:
Owner retiring after 20 years.
Home-Based:
This business is Home-Based
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Ed O'Deven

Business Listed By:
Ed O'Deven

Murphy Business Sales

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