Primary Category:Electrical & Mechanical Businesses for Sale
This business has been serving the North Country of New Hampshire and surrounding areas for many years. Based in Coos County, they provide myriad contractor services in the Commercial, Government, and Industrial markets. Their market area encompasses work primarily within a 70-mile radius.
Commercial construction in NH remains strong, with increasing demand, according to NH industry leaders who took part in Business NH Magazine’s recent commercial construction roundtable. Their general feeling is that there is plenty of work available and if you lose one proposal, there is always another opportunity coming along. The construction sector has grown by nearly 10 percent over Vermont and other similar markets and New Hampshire’s economy is booming, and there is plenty of work out there right now. Hospitality, assisted living, and health care are investing in infrastructure, and warehousing is making a comeback. Municipalities are also building, including fire stations and libraries.
Financial Information
$3,600,000
Asking Price
$1,899,539
Cash Flow
$6,561,851
Gross Revenue
Negotiable
Down Payment
Yes
Financing
Business Location
City:
Confidential
State:New Hampshire
Financing Comments
Minimal Seller Financing Available Depending Upon the Strength of the Deal.
Reason for Sale
The sellers are looking to retire.
Detailed information
Year Established:1957
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 11
Part-Time Employees:N/A
Contractors:N/A
Owner Worked Hours/w:40
Adjusted EBITDA:
$1,450,765
Inventory Included: No
Monthly Rent:
$5,500
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
$0
Building Size: 10200
FF&E Included?: Yes
FF&E Value: $819,558
Training/Support
The current owners are willing to stay on and train for two weeks after the transfer of the business at no charge and would be willing to discuss staying on as a consultant for a limited period of time should that be important to the buyer.
Facilities
Offered for sale is the business entity, including all tangible and intangible assets. The buildings have been well maintained and all are functional and in very good condition. The furniture, fixtures, and equipment included in the sale are in good to excellent condition. The equipment is well taken care of and serviced regularly. Capital expenditures average between $50,000 and $150,000 for purchases of new equipment and vehicles.
Market Outlook/Competition
There are a few local competitors who provide a similar scope of services that this company does, but they do not offer the same level of in-house services or diversity of services. This business’ longevity in the market, solid reputation, long-term relationships with clients, long-term employee retention, and strong referral network have allowed them to create and maintain what they feel is a larger market share over their competitors.
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