MergerPlace

Profitable Electrical Engineering Co.

New Jersey (Essex)


  • Asking Price: $1,250,000
  • Gross Income: $1,118,309
  • Cash Flow: $365,845
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #211910
  • Established: 1996
  • Employees: 6 FT / 2 PT

Business Description

The Company is a premier provider of electrical engineering, automation solutions, PLC programming / troubleshooting, SCADA systems and control system retrofits. The company also provides air recycling systems, hot fill bottle fillers and hot fill spray tank systems.

The Company was founded in 1996 by its chief engineer who is also its sole owner and is based in North Jersey. The owner of the company also serves as the director of Sales Development, Engineering Support, Overall management of Operations and Finances. The workforce is stable and the company currently employs 6 full-time employees and 2 part-time employees. The business has not experienced a significant amount of turnover and its engineers are all degreed (one has masters). All have significant experience.


Business Details

Primary Business Category: Services - Engineering
Location: New Jersey
County: Essex

Company Information

Year Established: 1996
Home Based: Yes
Franchise: No
Relocatable: Yes
Number of Employees: 6 FT / 2 PT

Financial Information

Asking Price: $1,250,000
Gross Revenue: $1,118,309
Cash Flow: $365,845
Seller Financing Available: Yes

Property Information

Facilities:

The company operates out of a private home near the business district.

Growth & expansion opportunities:

The company provides remote operations for it's customers under contract. This is a huge cost advantage which has much potential for current and future projects.

Competition:

There are several competing engineering firms but few that have their expertise. Well established client base.

Reason for selling:

Owner retiring after 20 years.

Support & Training:

Will train for 4 weeks @ $0 cost. The Company custom designs new or upgraded controls or automation system that is tailored to its customers’ specific needs and application. Each system is meticulously fabricated, certified and professionally installed to help you maximize your profits from Day One. The Company strives to provide the latest in controls and automation technologies that can cost effectively monitor and optimize machine efficiencies while minimizing downtime. All of its engineers have the hands-on knowledge and expertise that can only be gained by working with a wide array of control and automation systems that span multiple industries. Other products and services The Company offers include; on-site production line and equipment evaluations; power distribution and substation revenue metering services; facility power quality evaluations; certified infrared "hot spot" inspections, and technical data/machine program file management services.

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Business Listed By:

Ed O'Deven

Murphy Business Brokers