Electrical Shop for Municipalities with 20 Million in Backlog - Business for Sale
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Commercial Electrical Contractor Serving NYC Municipalities
Jamacia, NY, US
Added 4 months ago
Commercial Electrical Contracting for Municipal and Transportation Projects
Retiring Owner
Commercial electrical contracting company in Jamaica, NY, established in 1993, specializing in system installation and power for municipal projects across all five NYC boroughs.
Key Information
Asking
$4.2M
Revenue
$12.0M
Earnings
$1.0M
Multiple
4.2x
Key Highlights
- Established in 1993 and located in NYC, serving all five boroughs
- Commercial electrical contracting company focused on municipal projects
- 2023 backlog stands at $20,200,000
- Working capital valued at $2,900,000; $2,635,000 in working capital included as part of the assets
- Buyer must absorb 3 existing loans; no bank loan needed to finalize the deal
- Down payment of $450,000 required
- Current office space is 3,000 sq. ft. with 5 office staff and 2 warehouses with over 20 tradesmen
- Owner willing to stay on for one year for transition and can maintain 20% equity if desired by buyer
Contact Info
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