Business Description

Established in 1993 in NYC, this Commercial Electrical Contracting business operates across all five boroughs, specializing in System Installation & Power for municipal projects. With a current backlog of $20.2Million for 2023 and a Working Capital of $2.9Million, the seller is offering the buyer $2,635,000 in Working Capital assets to offset the absorption of existing debt. Services provided include lighting, power, access control, fire alarms, analytics, and security systems for electrical contractors, large company buildings, and transportation businesses like rail, bus, and elevator services. The company excels in establishing BIM contracts for clients using industry-based software, to enhance the efficiency and cost-effectiveness of electrical projects. The current owner, seeking to spend time with a terminally ill spouse, is willing to stay on for a year post-sale to ensure a smooth transition and is open to maintaining 20% equity if desired by the buyer. With a down payment of $