IMPORTANT ELECTRICAL CONTRACTING COMPANY WITH RECURRING REVENUE CONTRACTS
(Construction Related; Construction Related, Construction-Electrical; Construction Related, Contracto)
Long Island, New York
Listed Price: $ 1,195,000
Listing ID: XC88978
Listing DetailsDown Payment: $ 500,000
Gross Revenue: $ 2,300,000
Cash Flow: $ 475,000
FFE: $ 247,000 (Included in Price)
Inventory: $ 175,000 (Included in Price)
Form of Ownership: S Corp
Reason for Sale:
SELLER IS RETIRING
Training & Support:
SELLER WILL COMPLETELY TRAIN
Listing SummaryBusiness Description:
UNIQUELY SUCCESSFUL ELECTRICAL CONTRACTING COMPANY HAS RECURRING REVENUE WITH MAJOR APARTMENT BUILDING MANAGEMENT COMPANIES.
The CURRENT OWNER IS A PARTNER IN THE MANAGEMENT COMPANIES ASSURING THE ONGOING CONTINUATION OF THE RECURRING REVENUE CONTRACTS
Historical Summary:
THIS COMPANY HAS GROWN CONSISTENTLY SINCE IT'S INCEPTION IN 1990.
Owner Qualifications:
ELECTRICIAN'S LICENSE A PLUS
Competition:
NO COMPETITION WITHIN IT'S BUSINESS CIRCLE AS IT HAS CONTRACTS WITH IT'S CLIENTELE.
Potential Growth:
POISED FOR AMAZING GROWTH
Financing/Terms:
$500k DOWN- SELLER WILL FINANCE THE REST
LocationLease Expire: 2019-12-31
Option: LEASE CAN BE BROKEN ANYTIME
Lease Security: 5000
Monthly Rent: $ 2,300
Square Footage: 2000
Type of Location: Stand Alone
Facilities:
LOCATED IN A SMALL BUILDING OWNED BY THE PRESENT OWNER . THE BUSINESS CAN BE EASILY RE-LOCATED
OperationYear Established: 1990
Days & Hours of Operation: 8-430 M-F
Owner Hours: 40
Non-owner Payroll: $ 425,000
Employees: Full Time: 17
Managers: 1
Absentee Owner: No