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This Business has been Sold!
Closing Date: 06/04/2021
Broker: Lee Jani
Business for Sale Summary

Electrical Contractor Business for sale in NJ - 31614

Business Type: professional services,construction special trades
Sold
Electrical Contractor Business for sale in NJ
On June 4th 2021, The Undersigned
Acted as the Advisor to the Deal
Lee Jani
Lee Jani Senior Broker
Servicing: Ocean County, NJ
Monmouth County, NJ
Middlesex County, NJ
Union County, NJ
Mercer County, NJ
Essex County, NJ
Atlantic County, NJ
Somerset County, NJ
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $5,000,000 Down Payment $3,500,000
Gross Revenues $9,412,397 Lease Remaining Register Free to View
Owner’s Cash Flow $1,702,551 Number of FT Employees Register Free to View

Financing

$3,500,000 Down and Prime 2% For 48 Months

Business Description

Niche electrical contractor with decades of brand establishment for sale. Just awarded 5.5 year contract with guaranteed 8 figure in revenues. Contract also serves as ?insurance policy? on revenues. Solid and well experienced staff in place to carry on service to the public and private commercial sector throughout the Northeast. Capabilities extend from ground up construction, outdoor lighting, renovations, utility and underground service. High voltage installation repair and another niche electrical business component. Business is a preferred contractor to many public sector customers. Well-staffed and well established, this business is poised for growth well into the future. All business infrastructure needed is established to support the business model. Well maintained F& E is in place to support business model as well. A great target for a regional electrical contractor or ancillary trade looking for additional extra-regional growth. CALL LEE RICHARD JANI TODAY 1-800-735-5224

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.