Long-Established Electrical Contractor with 80-90% Repeat Business

Suffolk County, NY
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Asking Price:$4,000,000
Gross Revenue:$6,168,577
EBITDA:$1,122,591
Established Year:1991
Cash Flow:$1,359,923
Inventory:$85,000
FF&E:$15,000
BUSINESS DESCRIPTION

Electrical Contracting Leader with Proven Client Loyalty

This firm is a well-established commercial electrical contractor in New Jersey and New York and offers an amazing opportunity for a master electrician to become their own boss or for an electrical contracting firm to expand their business.

Established in 1991, they offer a wide range of electrical contracting services, including construction, renovation, maintenance, voice data, and fire alarm services. The majority of their work, about 70%, is focused on renovations and conversions. New construction makes up the remaining 30%. About 60% of their work involves supermarkets, while the remainder consists of mixed retail and other commercial projects.

They cater to a range of clients such as developers, retail chains, supermarkets, general contractors, and business owners in Long Island, Nassau, and Suffolk counties.

Their 80-90% repeat business is due to their high level of professionalism. The Seller’s strong ties to the electrical community include leadership roles on various boards. Due to their exceptional work and strong connections, they haven’t needed to compete for projects. As a result, there is a tremendous opportunity for expansion. Besides competing for projects, the Company might consider delving into solar opportunities. Also, they have yet to enter the healthcare and hospital sector.


DETAILED INFORMATION
Location
Suffolk County, NY
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,800
Employees
16
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Located in a facility in New York, with all necessary licenses and operational equipment included.
Competition
Large number of competitors in the area with plenty of work for all. This firm’s niche of retail and grocery chains keeps them consistently busy.
Growth & Expansion
With a solid foundation and reputation, this company is perfectly positioned for growth, especially in the rapidly expanding sectors of solar energy and healthcare facilities. By actively pursuing opportunities in these sectors, the business could secure new revenue streams and further diversify its client portfolio. The solar industry offers an excellent expansion path as demand for renewable energy solutions continues to rise. Additionally, healthcare facilities in Long Island present a largely untapped market.
Support & Training
Owner willing to train for a negotiated amount of time.
Reason for Selling
Retirement
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Lee Levinson
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Lee Levinson