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Successful Electrical Contracting Business for Sale

Queens, NY (Queens County)

Seller Financing Available
Successful Electrical Contracting Business for Sale
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Asking Price: $650,000

Cash Flow: $250,000

Gross Revenue: $600,000

EBITDA: N/A

FF&E: $50,000

Inventory: N/A

Rent: $3,000 /Month

Established: N/A

Successful Electrical Contracting Business for Sale

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Business Description

Profitable cash business with great potential to grow!

This profitable electrical contracting business has been in business for over 30 years. It’s fully licensed to provide mechanical and electrical services for residential and commercial clients in NYC’s 5 boroughs. The company is a Pro Contractor of Home Depot, which brings a lot of sales to the business. They were working with the union then then went non-Union for several years. They have been getting jobs from Macy’s, Game Stops, and other major companies. The owner owns the whole building, but would like to rent the fully renovated office, the big parking lot, and two huge 4-yard containers to the new owner for $3,000/month if needed. The asking price includes all the customer database, licenses, contracts, van, tools, ladders, equipment, inventory, and the rent for the first year. Owner would like to stay with the business for the transition period to help the buyer, and terms will be negotiable. Seller financing is available for qualified buyer. Great opportunity for licensed electricians or existing contracting businesses.

Detailed Information

Location:
Queens, NY
Real Estate:
Leased
Building SF:
850
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Growth & Expansion:
Current owner has been downsizing the business from $27 million sales to $1 million sales in recent years due to health issue. It’s a great opportunity for a more aggressive buyer to take the business back to the original level.
Financing:
150000.00
Support & Training:
2 weeks
Reason for Selling:
retiring
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Sherry Wang

Business Listed By:
Sherry Wang

Transworld Business Advisors of Flushing

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