RM Electric Co Inc
Electrical Contractors and Other Wiring Installation Contractors · Brooklyn, NY
RM Electric Co Inc is a business in Brooklyn, New York, listed under electrical contractors and other wiring installation contractors, with 5 to 9 staff, as recorded in 2020 to 2021. From 2023 to 2026, similar businesses sold for about $410K to $1.4M.
Public record
- Industry
- Electrical Contractors and Other Wiring Installation Contractors (NAICS 238210, as reported by the business)
- Location
- Brooklyn, New York
- Staff
- 5 to 9 people (as reported in 2020 to 2021)
- Local rank
- #111 of 257 businesses in Brooklyn listed under electrical contractors and other wiring installation contractors, by staff size (2020 to 2021)
- As of
- 2020 to 2021. Details may have changed since then.
What businesses like this sell for
Businesses in Electrical Contractors and Other Wiring Installation Contractors with 5 to 9 staff, bought 2023 to 2026. Based on 39 purchases.
Loans used to buy them
$340K to $1.2M
Middle loan about $670K
Estimated purchase prices
$410K to $1.4M
Middle price about $790K
How we estimate the price: the records show the loan behind each purchase, not the price. Buyers usually borrow about 85% of the price, so we divide the loan by 0.85. The ranges show the middle half of purchases. This is not a valuation of RM Electric Co Inc.
Financials of businesses like this
Average revenue
$1.3M
a year
Average payroll
$353K
28% of revenue
Average staff
6.6
people
US averages for electrical contractors and other wiring installation contractors with 5 to 9 staff, 2022 (14,646 businesses). These are not RM Electric Co Inc's own figures; its own revenue and profit are what a valuation needs.
Value RM Electric Co Inc on Value Alpha
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Questions
- How much is a business listed under electrical contractors and other wiring installation contractors worth in New York?
- From 2023 to 2026, businesses listed under electrical contractors and other wiring installation contractors with 5 to 9 staff sold for about $410K to $1.4M, with a middle price of about $790K, based on 39 purchases. A business's own value depends on its revenue, profit and owner pay.
- How current is the information about RM Electric Co Inc?
- The industry and staff numbers were reported by the business in 2020 to 2021 and may have changed since then.
- How can the owner of RM Electric Co Inc get a valuation?
- Claim the business, upload one document that shows its name, and add revenue, profit and owner pay. The valuation can start while the document is reviewed.
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