Electric services business for sale in Ulster County, New York

The company has been in business for over 28 years. It is licensed to provide electrical services to residential and commercial clients in the Mid-Hudson region, from Albany to Orange County.


This profitable electrical contracting business has been in business for over 28 years. It is fully licensed to provide electrical services to residential and commercial clients in the Mid-Hudson Region. Our technical team is comprised of a master electrician, journeyman, and apprentices who have been with the company an average of 10 to 20 years. Additionally, the company currently has over 3,000 active customers. For the last three years the company experienced 15% growth every year and is expected to exceed $1.3 million in revenues in 2018. The facilities include an office, owned by the principal owner of the business and is available for sale or a long term lease agreement. Owner is also available to stay with the business for up to one year to assist during the transition period, but the terms are negotiable. Some owner financing could also be available to qualified buyer. This is a great opportunity for a licensed electrician or a existing contracting company.

Asking price

$560,000

The asking price is below the current business valuation and cash flow ability.

Owner financing

Owner financing is available.

Owner financing will be limited to 30% of closing price at 10% for a maximum of 18 months period.

Key financial facts and forecast

Financial information is provided in the Business Valuation attached file below.

Reason for selling

Retirement and anxious to travel and spend more time with the grandchildren.

Required buyer qualifications

An experienced and licensed individual or business. A refundable deposit/binder of $25,000 and proof of available finance.

Sales Memorandum

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Updated:

Ulster County, New York, US



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Location


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