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- Business Overview
Established electrical contracting business serving the residential and light-commercial market in Long Island, New York. Founded in 2008, the business provides electrical services, Generac generator sales and maintenance, and EV charging installations. With an established referral-driven customer base, recurring maintenance revenue, approximately $2.08 million in 2025 revenue, and limited owner involvement, the business offers opportunities for further growth.
Highlights
Growth Opportunities
Growth opportunities include expanding geographic coverage, increasing marketing investment, converting one-time customers into recurring maintenance agreements, and growing generator services and EV charging installations.
Financial Overview
Note: FY 2025 earnings classification and all financial figures are subject to verification during due diligence.
Operations
The business operates with 8 employees plus the owner, including administrative staff, management, sales support, and field technicians. A second employee holds a Master Electrician license, while another is working toward licensure. The owner works approximately 10 hours per week, primarily overseeing operations, approving estimates, and assisting with scheduling and sales.
Facilities and Transaction Details
The business operates from approximately 2,091 square feet. Real estate is excluded from the sale, with a proposed lease featuring a 5-year term, one additional 5-year option, and starting annual rent of $78,000, subject to confirmation. The transaction may be structured as an asset or stock sale, potentially including equipment, vehicles, goodwill, and customer relationships. Vehicle notes are expected to be paid off at closing, and limited seller financing may be considered alongside SBA financing. Licensing and transition terms remain subject to negotiation and due diligence.
Reason for Sale
The owner plans to retire and is willing to provide post-closing transition support under mutually agreed terms.