Profitable, Long Established Electrical Contracting Business for Sale

Suffolk County, NY

Seller Financing Available
Profitable, Long Established Electrical Contracting Business for Sale
Contact Seller

Asking Price: Get Financing: $525,000

Cash Flow: $280,000

Gross Revenue: $936,000

EBITDA: N/A

FF&E: $75,000

Inventory: $5,000

Lease Rate: N/A /SF

Established: 1986

Profitable, Long Established Electrical Contracting Business for Sale

Get Financing Save Print Share Valuation Report

Business Description

Profitable, long established business.

This is an exceptional opportunity to acquire a profitable electrical contracting business that is fully licensed to provide electrical repairs & installations for residential and commercial clients in Nassau and Suffolk counties. We are proud to be the exclusive agents for this profitable electrical contractor that has been in business for over 32 years.

The company is owned and operated by a master, licensed electrician, who primarily manages the business and prepares commercial estimates. His staff includes three full time and one part time technician and a part time office assistant. The staff has been with the company for many years, with the lead technician on staff for over 20 years and the other technicians for at least 10 years. Ownership points out that customers like to see familiar faces they have worked with before and is proud of its staff and their loyalty. The workers are not associated with any union and the business is a non-union shop.

The business has built a database of approximately 5,000 residential and commercial customers, over the past ten years. Obviously, not all of these customers may contact the business in any given year, but they will call when they have a need for electrical services. In the past year, the firm worked for about 100 clients.

The business is split fairly evenly between residential and commercial customers..

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,175
Lease Expiration:
N/A
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The company leases a unit in an industrial building that has two offices, plus an approximately 1,700 square foot warehouse/garage area with an overhead door. There is sufficient room to park (3) Vans and ample storage area for tools, material, ladders, equipment, etc. The warehouse is gas heated and the office area has electric heat.
Competition:
Business enjoys an excellent reputation in the industry, but like all service businesses there is competition. Ownership feels that its “edge” is the relationships it has built over many years as a reputable supplier of quality services at a reasonable price.
Growth & Expansion:
Present ownership is satisfied with the existing business base and has not actively tried to increase business. There is opportunity for a more aggressive buyer to bring the business to the next level..
Financing:
Seller will provide financing to qualified buyer
Support & Training:
Owner will remain for sufficient period to transition business to buyer and term will be negotiable.
Reason for Selling:
Owner has reached retirement age.
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Angelo A. Ferrara

Business Listed By:
Angelo Ferrara

Rapt Enterprises Inc.

Show Phone Number

View My Listings

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1354052 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings