This business has been pre-qualified for a loan with buyer only needing 10% down ($75,000). Buyer would take home after paying debt service $200,000. Buyer would earn their down deposit back within 5.5 months!
This is a fully staffed electrical contracting company that is primarily working in the Commercial, Industrial, and Medical fields. Typically, there work includes installation of industrial generators, relocation of machinery, lighting work (use of bucket truck). Owner is absentee and daughter is only doing the books and overseeing the business. Daughter is willing stay on for transition period and a few months after to insure smooth transition for new buyer.
NEW OWNER WILL NEED TO HAVE THEIR OWN ELECTRICAL LICENSES FOR NEW JERSEY AND PHILADELPHIA
