Business for Sale: Electrical Contractor

Business for Sale: Electrical Contractor

This multi-generational electrical contracting company, located in Maryland, offers:

  • Design/build services for new projects
  • Upgrade and renovation of existing sites
  • Maintenance and calibration services
  • Value engineering reviews to fit the budget
The highly regarded business values their long-term and diversified customer relationships. Their customers are served by a licensed and experienced staff, supervised and directed by a highly experienced management team.
This opportunity is well-suited for an industry buyer seeking growth and diversification opportunities or an individual looking to own an established and successful companyElectrical Contractor details

No additional capital investment needed.

The owner is selling because they wish to retire.

 


Please Contact: Eddie Davis (EDavis@HarvestBusiness.com or 301-325-7687) to discuss this business in more detail.
Open with Adobe Reader, use their Fill and Sign Feature to complete and electronically sign the document, then return to EDavis@HarvestBusiness.com.
We will then be able to discuss financial details and other confidential information about the business with you.
Disclosure: We have relied on information provided and approved by seller and make no additional representations or warranties. Buyers should review with their advisors as needed

Clients choose Harvest Business Advisors for our sage advice on profitably growing their business, accurate business valuations, and when the time is right, a consistent ability to deliver a high price as part of a smooth exit transaction. Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services.

We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.

Business for Sale: VoIP/Telecom Solutions Provider

Business for Sale: VoIP/Telecom Solutions Provider

Located in the Washington DC-Baltimore area,  this telecommunications firm has been serving their commercial client base since 1990. Well established with a focus on customer service, this firm has nearly 900 current clients.

This business sells both VoIP and premise-based solutions and is poised for expansion with identified opportunities for a new owner to grow the business. Employees are extensively trained on equipment and also focus on educating customers to derive maximum benefits from their telephone systems.

Products lines include:

  • Avaya IP Office
  • Avaya Cloud
  • Nortel
  • Toshiba

Telecommunications Financials

 

 

It is important to note that service revenue for the last 3 years averages $615,754 or 51.5% of total revenue

In the past 30 years, and through several recessions, the company has remained financially sound, un-impacted by the fluctuations of the economy.

The owner is willing to stay on for an agreed upon period of time to train the new owner and transition clients.

Connect with Richard Stopa (rstopa@harvestbusiness.com) at 703.307.1187 for more information and details about this business.

Click here for a Non-Disclosure Agreement and Finance Document

Open with Adobe Reader, use their Fill and Sign Feature to complete and electronically sign the document, then return to RStopa@HarvestBusiness.com.

We will then be able to discuss financial details and other confidential information about the business with you.


 

Clients choose Harvest Business Advisors for our sage advice on profitably growing their business, accurate business valuations, and when the time is right, a consistent ability to deliver a high price as part of a smooth exit transaction.

Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services. We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.

Business for Sale: Specialized Truck Repair and Parts

Business for Sale: Specialized Truck Repair and Parts

Serving the Mid-Atlantic marketplace, this company re-manufactures and repairs components for medium and heavy-duty trucks. In addition, they sell related parts.

This company was established in 2004 in an ideal high-traffic location. Their customer base is deep and diversified.

They provide exceptional customer service which has resulted in long-term customer relationships.

Their management team is experienced and loyal. They have seven highly skilled technicians

  • No additional capital investment needed.
  • Average inventory: $100,000 (at cost)
  • Average 3-year revenue: $2,200,000

A strong prospective buyer would be involved in the trucking or repair industry or perhaps in a related industry, seeking growth/diversification opportunities. Experience in business management with sales background would be an advantage.

Please Contact: Eddie Davis (EDavis@HarvestBusiness.com or 301-325-7687) to discuss this business in more detail.

Click here for a Non-Disclosure Agreement and Finance Document.

Open with Adobe Reader, use their Fill and Sign Feature to complete and electronically sign the document, then return to EDavis@HarvestBusiness.com.

We will then be able to discuss financial details and other confidential information about the business with you.

Disclosure: We have relied on information provided and approved by seller and make no additional representations or warranties. Buyers should review with their advisors as needed

 


Clients choose Harvest Business Advisors for our sage advice on profitably growing their business, accurate business valuations, and when the time is right, a consistent ability to deliver a high price as part of a smooth exit transaction.Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services.

We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.

State by State “Reopening” Status

State by State “Reopening” Status

Harvest Business Advisors serves businesses in multiple states. Our brokers have been carefully tracking how the state governors have been dealing with the COVID-19 crisis – and watching how they are approaching “re-opening” their state’s businesses. It’s a delicate balance between public health and the health of the economy, between protecting worker’s safety and providing a safety net for business.

Here is a recap of recent statements by each state in our service area:

Maryland

Other than keeping Marylanders safe and saving lives by defeating COVID-19, there is absolutely nothing more important to me than getting people back to work and getting businesses reopened. I want to get people back on their feet and get our economy back on track. We will do that as quickly as we possibly can in a safe, gradual and effective way.” Said Governor Larry Hogan as he unveiled the state’s Maryland Strong Road to Recovery   plan on April 24, 2020. The Road to Recovery identifies key risk factors milestones which are broad in character and contains components within each stage.

Schools will remain closed for this school year.

Virginia

Gov. Ralph Northam issued a stay-at-home order effective until June 10. A separate executive order that restricted certain businesses and crowds of more than 10 people will expire May 14. Governor Northam recently suggested some restrictions may be lifted, a “soft” re-open but has not yet provided specific details.

On April 24, Governor Northam shared the progress made by Virginia and a blueprint for phases for reopening the state if certain health benchmarks are met and maintained.

Schools will be closed for the remainder of the school year.

Elective surgery and dental procedures in Virginia were allowed to resume on May 1.

Washington D.C.

On April 23,  Washington DC Mayor Muriel Bowser has created a “ReOpen DC” Advisory Group which will include experts from the Johns Hopkins Bloomberg School of Public Health.

“ReOpen DC is about working together as a community to reopen Washington, DC in a way that is safe and sustainable. Together, we will create a plan that is based in science and tailored to the needs of our community.” said Mayor Bowser.

ReOpen DC has defined on three phases of reopening:

  • Emergency Response – Where we are now
  • Stabilization – what ReopenDC will focus on, which involves relaxing restrictions but closely monitoring and quickly responding to negative metrics
  • Long-term Recovery – How we find a new, more resilient normal. Likely started once a vaccine is widely available

 

New Jersey

“Extending this declaration ensures that we can continue using every resource at our disposal to mitigate the spread of COVID-19,”said Governor Murphy.“But I want to ensure that this extension is not interpreted to mean that we are reconsidering our path forward or changing course on the principles I laid out last week in the Road Back plan. We will continue to stand by these principles and protect public health as we responsibly take steps to get the economy moving again.”

Schools will remain closed through this school year.

Governor Murphy introduced New Jersey’s “Road Back Plan” that covered economic recovery and public health needs.

Pennsylvania

The commonwealth of Pennsylvania released their Return to Work Plan, determined by county statistics and milestones and specifies Work and Congregate Setting Restrictions and Social Restrictions in phases.

“We are planning for the days and weeks ahead when we will not only safely return Pennsylvanians to work but return to a different and more resilient Pennsylvania. While we cannot be certain of the future path of this disease, our decisions will be driven first by prioritizing the health and safety of all Pennsylvanians.

To that end, the Commonwealth is partnering with Carnegie Mellon University (CMU) to create a data-driven decision support tool that will enable a balance between maximizing the results of our economy while minimizing public health risks”.  said Governor Wolf.

Note: Pennsylvania and New Jersey are part of a coalition of northeastern states coordinating the reopening of the economy safely in that region.

Harvest Business Advisors encourages all our colleagues to continue to protect their health and the health of their employees. We can help you with your business health – and would welcome a conversation about how you can not only survive now, but prepare your business for the eventual rebound. Feel free to connect with us


Clients choose Harvest Business Advisors for our accurate business valuations and our consistent ability to deliver a high price as part of a smooth exit transaction.
Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services. We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia.
Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.

Help from the Small Business Administration

Help from the Small Business Administration

Last month, we reported that 2020 was off to a fast start, another exciting year for business sales, acquisitions and valuations.  Enter COVID-19, a game changer.  Long term, it will be “business as usual”.  Transactions in many industries will continue ( this isn’t a credit crisis like 2009 when banks shut down).  Acquisition financing is available at low rates

A number of our broker and valuation engagements involve SBA financing.  We’ve been in constant contact with key lenders for their input.  Below are some takeaways, we hope it’s helpful.

SBA DISASTER RECOVERY LOANS

The SBA is working with state Governors to provide targeted, low-interest disaster recovery loans to small businesses severely impacted by COVID-19.  Lenders we work with have indicated that:

  • Estimates of $50b in SBA assistance will available for “disaster recovery loans”
  • Loans up to $2m in assistance can be applied for (in approved areas)
  • Disaster loans can be used to pay:
    • Debts,
    • Payroll,
    • Suppliers,
    • General business expenses,
  • Interest rates: 3.75% for small businesses and 2.75% for non-profits.

How to Qualify for The Loan

  • States have to apply for disaster relief (all states in our general area have done so)
  • SBA will review and issue an Economic Injury Disaster Loan Declaration (“Declaration”)
  • SBA will coordinate with the state’s Governor to submit the request for Economic Injury Disaster Loan assistance.
  • Once a Declaration is made, the application process for Economic Injury Disaster Loan assistance will be made available to impacted communities.
  • Loan repayments can be as long as 30-years.

For additional information,

https://www.sba.gov/page/guidance-businesses-employers-plan-respond-coronavirus-disease-2019-covid-19

 or contact the SBA disaster assistance customer service center,

1-800-659-2955 (TTY: 1-800-877-8339) or email disastercustomerservice@sba.gov.

Qualifying Disaster Areas

Areas have to first qualify for the relief loans.  ALL of District of Columbia SBA District is approved – as are the states of Delaware, New Jersey and Pennsylvania.

For updates to approved disaster areas and general information please visit: www.sba.gov/funding-programs/disaster-assistance

DEFERRMENT PAYMENTS FOR EXISTING SBA LOANS

If you have an existing SBA loan, the lender you worked with may provide temporary relief in the form of “deferred payments”. The SBA loans that qualify for the deferral are:

Business Acquisition and Working Capital Loans (7(a) Business Loans)

If you have a loan related to a business acquisition or related to working capital loans, the deferral options depend on “who holds the loan”:

    1. If the loan is held by your lender (i.e. NotSold on Secondary Market) the lender may grant a deferment of up to six (6) consecutive months
    2. If the loan was sold to investors, and they “hold the loan”, the lender may be able to grant a one-time unilateral deferment of up to 90-days without requiring approval from the investor who “holds the loan”

 Commercial Real Estate and Equipment Loans (504 Business Loans)

Certified Development Company’s (CDCs) may assist borrowers by deferring payments for a stated period of time. The amount deferred should not exceed

    1. Six (6) cumulative monthly payments or
    2. 20% of the original loan amount, whichever is less.

KEY POINT: Keep in contact with your lender; they understand, they recognize your struggle and they are there to help out.

We will keep our eyes open, ears to the ground and continue to let you know what we learn. Meanwhile, if you need something from us, please reach out – we are happy to talk!

This post was written by Harvest Business Advisors partner Eddie Davis. Eddie can be reached at EDavis@HarvestBusiness.com or 877-838-4966.


Clients choose Harvest Business Advisors for our sage advice on profitably growing their business, accurate business valuations, and when the time is right, a consistent ability to deliver a high price as part of a smooth exit transaction.

Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services. We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.

Business for Sale: CPA, Accounting Tax Firm (Central NJ)

Business for Sale: CPA, Accounting Tax Firm (Central NJ)

Harvest Business Advisors is pleased to announce this business, a well-established CPA, Tax and Accounting firm in Central New Jersey, has been sold.

Established in the 1920’s, this practice serves both tax clients and monthly business clients (over 350 clients, some with multiple accounts).  Three experienced employees work from leased office suite in nice town.  Software has been purchased for next tax season.

Cash Flow: $125,000

Gross Revenue: $390,000

Asking Price: $299,000

The owner would like to retire and is seeking a buyer who can take this practice to the next level. New energy and service should bring expansion by word of mouth. Perfect opportunity for acquisition. Owner will transition as needed/agreed with buyer.

Click here for a Non-Disclosure Agreement and Finance Document.

Open with Adobe Reader, use their Fill and Sign Feature to complete and electronically sign the document, then return to GCaruso@HarvestBusiness.com. We will then be able to discuss financial details and other confidential information about the business with you.


 

Clients choose Harvest Business Advisors for our accurate business valuations and our consistent ability to deliver a high price as part of a smooth exit transaction.

Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services. We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877.838.4966 to discuss selling your business, ordering a business valuation or buying a business.

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