Construction / Contractor Electric, Construction / Lighting Contractor
· Over $975K in sales
· Over $300K owner benefit
· Jobs lined up through 1Q22
· Turning down work
· Get it all with just $65K Down
Calling all contractors. Increase your sales now by $975K+ - Increase your cash flow by over $200K (after debt) and do it all with only a $65,000 down payment!!
The business is Open, Operating and Sales are Up in 2020!
Very successful electrical contracting business for sale in New Jersey. The business specializes in the design, installation and maintenance of electrical systems in homes plus some commercial buildings. Established in 1991, the company has been an industry leader for 30 years. Their revenue is derived from 90% project-based and 10% maintenance work.
This is a Turnkey Operation with work scheduled for the next 10+ months. Sales have had steady growth each year and are up in 1Q21. The profit margin has improved as well and is currently over 25%. The company is at capacity and is turning jobs away. A new owner could grow another 20% by adding 1 more mechanic with no CAPEX.
The business has a team of dedicated tenured employees. This Committed Workforce will stay with new owner. The average job size is in excess of $20,000 and the company is on 2 - 3 jobs at any given time for approximately 40 jobs per year.
Over the past several years, the owner has made a conscious decision to instill well-defined systems and processes to help increase the efficiently of the business. The business runs as a turnkey operation and the owner is in the field daily but as an overseer and focuses on long term strategic goals as well as quality control.
Many of the customer and supplier relationships are not controlled/managed by the owner but are maintained through the lead mechanics.