Infrastructure and Public Electrician – Only $400,000 down

This Commercial Electrical Contracting company focuses on Lighting, System Installation & Power to public work projects. They are a value-added reseller and handle electrical installation but are not general contractors. This companies backlog for 2023 currently stands at $20.2Million with a Working Capital valued at $2.9Million. No bank loan is needed to finalize this deal, the seller asks that the new owner would absorb the 3 loans already in existence. The buyer would receive $2,635,000 in Working Capital as a part of the assets of the business, this will make a notable difference in offsetting the debt absorption associated with the purchase. Their services include lighting, power, access control, fire alarms, analytics, system installation, and security systems. This industry leading team works with electrical contractors and large company buildings as well as transportation businesses specializing in rail, bus, and elevator services. They specialize in establishing BIM contracts for clients using industry-based software. Using these tools to make the design and installation of electrical projects more efficient and cost effective. With the thought of a “recession” looming, this company will be growing, as the newly passed Infrastructure Bill will directly impact this company’s revenue and shield them from economic downfall. Established in 1993 and located in Jamacia, NY, this business operates in all five boroughs consistently offering competitive pricing to obtain both small and large projects. The current office space is 3,000 sq. ft. with 5-office staff that handle operations and client relations with 2 additional warehouses with over 20 tradesmen. The current owner of this commercial electric contracting company handles general oversight of the business and is looking to sell so she can spend time with her terminally ill spouse. The current owner has agreed to stay on for a year to provide a smooth transition and will maintain 20% equity if desired by the buyer. With a down payment of $400,000, a buyer can acquire not only this business, but also their reputation for being dedicated to providing quality and reliable electric work to its clients. Due to the fact that they have been in business for almost 30 years, a majority of their clients are repeat or referrals. This electric company is ready to leave a new owner with an experienced crew and client base that will continue its effective work and legacy.