Profitable, Long Established Electrical Contracting Business for Sale
ConstructionFor Sale in NY
Financial & Assets Details
About the 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. There is a significant backlog of business and good growth potential. Sales have been strong recently and the seller is considering adding technicians. Presently, the staff includes four full time technicians 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.
Owner will provide financing to qualified buyer at his discretion.
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.
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.