Business Description

Established in 1993 in NYC, this Commercial Electrical Contracting company specializes in System Installation & Power for municipal projects across all five boroughs. They have a significant backlog of $20.2 million for 2023 and a Working Capital of $2.9 million, with no need for additional bank loans. Their services include lighting, power, access control, fire alarms, analytics, system installation, and security systems, catering to electrical contractors, large buildings, and transportation businesses. Anticipating growth with the Infrastructure Bill, they are well-positioned to navigate economic challenges. With expertise in BIM contracts and industry software, the company ensures efficient and cost-effective design and installation processes. The current owner, seeking to step back due to personal reasons, is offering a smooth transition period of one year and retaining 20% equity if desired. A buyer can acquire the business with a $450,000 down payment, inheriting a strong reputation for quality and reliability in electrical work. Benefiting