Annual Revenue: $2,812,234
Net Cash Flow: $641,000
Location: Middlesex County, New Jersey
Established more than 30 years ago, this niche electrical contractor located in central NJ has maintained and grown 100% of its customer base since it was launched.
The company primarily supports the initial build-out as well as upgrades to the electrical infrastructure of pharmaceutical laboratories. Some of the work done revolves around the installation of generators, new services, upgrades to electrical panels, and uninterrupted power supplies. In addition to the pharmaceutical companies, the company renders services to other businesses, such as nursing homes and schools. It handles all the electrical tasks from obtaining permits to conducting the final inspection of a finished project.
Typically, the team consists of around 8 to 10 skilled technicians. Although the owners plan to retire, they are willing to provide support during the transition period as necessary.
Scope Of Work:
- Thirty-eight years of installing electrical work and maintenance for Pharmaceutical
- Labs, R&D Facilities, Private Schools, Nursing Homes, and Warehouses.
- All electrical work is from the ground up, value-engineered projects.
- Installation of electrical services of up to 4000 amps, some high voltage work.
- Generators up to (1) megawatt, UPS systems.
- The contractor has all tenants who occupy building(s) as continued relationships.
- Daily maintenance/work orders and new installations coming in weekly.
- A great relationship with local inspectors and all engineering firms.
- The contractor strives to have a zero-punch list from tenants.
- Employees are trained to do a quality job.
- The electrical contractor has contacts if prospective buyers want to bid on and expand out.
- All work is done with owners/representatives of companies, not general contractors.
- Work consists of activities from daily maintenance to year-long projects.
Reason For Sale:
The owners plan to retire.
Training & Support:
The owners are willing to provide the necessary support through the transition period.
Employees: 8 to 10