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Business for Sale Summary

Electric Contracting Business For Sale in Suffolk - 35099

Business Type: construction special trades,electric, gas, water, sanitary svcs,misc. service/non-classifiable,repair services
Owner Financing
Electric Contracting Business For Sale in Suffolk
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Financial Information (non-confidential)

General Information
Asking Price $1,400,000 Down Payment $750,000
Gross Revenues $1,713,729 Lease Remaining Register Free to View
Owner’s Cash Flow $275,000 Number of FT Employees Register Free to View

Financing

$750,000 Down and $650,000 at 6% over 180 months

Business Description

Electric Contracting firm established 25 years ago with 10 long term full time employees. Full fleet of newer trucks and tools. Most clients are steady and repeat general contractors who build large residential communities and commercial/retail locations. Additional clients are smaller whom build single homes and commercial renovations. Currently in contract for over 4 million in electric work, scheduled into 2024. Steady growth rate yearly, 2021 revenue at 2.5 million. Work areas are 90% throughout Nassau and Suffolk, remaining work in Queens & Brooklyn. Owner willing to stay on for determined period for smooth transition.

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.