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Profitable, Long Established Electrical Contracting Business for Sale

Suffolk County, NY, USA
Updated 3 days ago

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. Industry reports show that the home improvement business has been among the least affected by the pandemic and is expected to rebound strongly. Industrial and residential customers are maintaining & renovating their homes during this pandemic and this bodes well for electrical contractors. This business is considered essential and expected to rebound strongly. The company is owned and operated by a master licensed electrician, who primarily manages the business and prepares commercial estimates. There is a significant growth potential. Presently, the staff includes four full time technicians and a part time office assistant.

Inventory

$3,500

Internal Id

RaptID5567

Financing Notes

Seller will provide financing to qualified buyer

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..

Inventory Included

Yes

Support & Training

Owner will remain for sufficient period to transition business to buyer and term will be negotiable.

Number Of Employees

5

Market & 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.

Reason for Selling

Owner has reached retirement age.

Financials

Asking Price
$450K
RevenueMost Recent Year
$875K
Earnings (SDE)Last Reported
$200K
Assets ValueIncluded in Asking Price
$75K
Seller Financing
Not available

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