MergerPlace

Electrical Engineering Firm,

New Jersey (Essex)


  • Asking Price: $1,250,000
  • Gross Income: $1,010,337
  • Cash Flow: $396,645
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #224378
  • Established: 1996
  • Employees: 4 FT / 1 PT

Business Description

Consistent revenues and significant cash flow!

This well-established firm is a premier provider of electrical engineering services, specializing in the custom design, installation, upgrade and maintenance of control and automation systems.

In business for almost 25 years, the experienced staff serves key manufacturing companies across multiple industries. They are known for optimizing efficiencies in machines and minimizing downtime of production through their professional services supporting automation control solutions, Programmable Logic Controller (PLC) programming / troubleshooting, Supervisory Control And Data Acquisition (SCADA) systems and control system retrofits.

Founded in 1996 by its chief engineer and based in North Jersey, the firm was active throughout 2020, deemed as essential to supporting their manufacturing clients. Custom designs of new or upgraded systems are tailored to each customers’ specific need and application. Each system is meticulously fabricated, certified and professionally installed.

Low overhead makes this a great opportunity, as there is no central office: workers have always worked remotely or at client sites. All engineers (4 full-time, 1part -time) have significant hands-on knowledge and expertise that can only be gained by working with a wide variety of control and automation systems that span multiple industries.


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: 4 FT / 1 PT

Financial Information

Asking Price: $1,250,000
Gross Revenue: $1,010,337
Cash Flow: $396,645
Seller Financing Available: Yes

Property Information

Facilities:

Consistent revenues and significant cash flow! This well-established firm is a premier provider of electrical engineering services, specializing in the custom design, installation, upgrade and maintenance of control and automation systems. In business for almost 25 years, the experienced staff serves key manufacturing companies across multiple industries. They are known for optimizing efficiencies in machines and minimizing downtime of production through their professional services supporting automation control solutions, Programmable Logic Controller (PLC) programming / troubleshooting, Supervisory Control And Data Acquisition (SCADA) systems and control system retrofits. Founded in 1996 by its chief engineer and based in North Jersey, the firm was active throughout 2020, deemed as essential to supporting their manufacturing clients. Custom designs of new or upgraded systems are tailored to each customers’ specific need and application. Each system is meticulously fabricated, certified and professionally installed. Low overhead makes this a great opportunity, as there is no central office: workers have always worked remotely or at client sites. All engineers (4 full-time, 1part -time) have significant hands-on knowledge and expertise that can only be gained by working with a wide variety of control and automation systems that span multiple industries.

Growth & expansion opportunities:

The company provides remote operations for it's customers under contract. This is a huge cost advantage which has great 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 24 years.

Support & Training:

Will train for 2 weeks 2 no cost The firm provides custom design, installation, upgrade and maintenance of automation solutions including Programmable Logic Controller (PLC) programming / troubleshooting Supervisory Control And Data Acquisition (SCADA) systems Control system retrofits Air recycling systems Hot fill bottle fillers Hot fill spray tank systems Other products and services 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:

Cheryl Venezia

Murphy Business Brokers