Electrical Shop for Municipalities with 20 Million in Backlog
Only $450,000 Down, Comes with $2.6 Million Working Capital!
Established in 1993 and located in NYC, this business operates in all five boroughs consistently offering competitive pricing to obtain both small and large projects. This Commercial Electrical Contracting company focuses on System Installation & Power for municipal projects. This company’s 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. 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. 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.
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. 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 $450,000, 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.
Offer Price: $
% Buyer Cash Down at Closing: $
% Seller Carry Back via Promissory Note: $
year term at a rate of %
% of Purchase Price secured by Buyer and Seller
Total Bank Loan Need: $
% of Purchase Price
Desired Loan Type:
Desired Bank Terms: year term at a rate of %
Total Business Assets, Inventory, and A/R: $
Total Undercollateralized Loan: $
|Monthly Payment to Bank:||$|
|Yearly Payment to Bank:||$|
|Monthly Payment to Seller:||$|
|Yearly Payment to Seller:||$|
|Total Monthly Debt Service:||$|
|Total Yearly Debt Service:||$|
Fixed Charge Coverage Ratio
The bank will require a minimum ratio of 1.5 to be lendable.
2022 Annualized Cash Flow
|Annual Debt Service:||$|
Buyer's Net Operating Income (NOI)
The amount of money the Buyer will retain as profit.
2022 Annualized Cash Flow
|Annual Debt Service:||-$|
Buyer's Return on Investment (ROI)
The rate of return on the Buyer's down payment.
|Document Title / Description|
This folder is empty.
Access to this Deal Room is restricted
Would you like to access the deal room?Yes, please
Already have an account? Log in here.
Print, sign and send to:210 N 78th St. 2nd Floor
Omaha, NE 68114
Or fax to: