Electrical Contractor- 50 Years in Business!
Business Description
INDUSTRY EXPERIENCE REQUIRED, DO NOT INQUIRE UNLESS YOU ARE AN ELECTRICIAN OR PARTNERED WITH ONE
Family owned and operated for over thirty-five years, founded in the 1970's!
The estimated revenue breakdown by customer type:
Industrial: 70%
Residential: 15%
Commercial: 15%
The owners generally work 40-50 hour weeks. One runs the clerical/admin function, deals with new customers, and performs the estimating. He is an electrician but has not been in the field for 20 years. The business leverages his electrical license. The other brother/owner performs estimating and manages the relationship with their largest customer. He has an electrical license as well but his is not tied to the company.
AR is generally between $30K-$150K at any given time. The owners keep about $100K in the bank for working capital purposes. Inventory is generally $50K-$100K.
The sellers also own the building and are open for a sale. The RE is on city gas, water, and has a septic tank.
Family owned and operated for over thirty-five years, founded in the 1970's!
The estimated revenue breakdown by customer type:
Industrial: 70%
Residential: 15%
Commercial: 15%
The owners generally work 40-50 hour weeks. One runs the clerical/admin function, deals with new customers, and performs the estimating. He is an electrician but has not been in the field for 20 years. The business leverages his electrical license. The other brother/owner performs estimating and manages the relationship with their largest customer. He has an electrical license as well but his is not tied to the company.
AR is generally between $30K-$150K at any given time. The owners keep about $100K in the bank for working capital purposes. Inventory is generally $50K-$100K.
The sellers also own the building and are open for a sale. The RE is on city gas, water, and has a septic tank.
About the Business
- Years in Operation
- 53
- Employees
- 4
- Opportunities for Growth
- Plenty of demand/jobs available, they have been constrained by labor.
They generally only work jobs in a 1 hour radius.
No advertising is performed, all business is word of mouth built on reputation, they are asked to bid constantly and turn them down.
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
About the Sale
- Seller Motivation
- Retirement. Looking to exit by end of 2025.
- Transition Support
- Smooth transition desired, looking to exit by end of 2025 entirely
Listing Info
- ID
- 2381564
- Listing Views
- 1314
Listing ID: 2381564 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleNew Jersey Businesses for SaleNew Jersey Business Service Businesses for SaleNew Jersey Electr., Mech. & HVAC Contractors Businesses for Sale
