- Highly Profitable and very well-established HVAC & Mechanical business in GTA for approx. 35 years.
- Business services the commercial, industrial and institutional, healthcare sectors, with revenues earned primarily from projects, maintenance contracts, and service.
- Business has built an excellent reputation for its exceptional service, coordination and project management; in addition to becoming the go-to solution provider for HVAC, Mechanical Contracting, Plumbing, and Refrigeration Services.
- Company has a multi-year track record of profitability with average revenue exceeding $10M and discretionary earnings greater than $1.5M during the last 4 financial years, with revenues in the year-ended Dec. 2022 being approx. $ 13.8M.
- Seller expects revenue to go beyond $17M for current fiscal year, with discretionary earnings surpassing $2.2M.
- Business has developed a loyal client base of more than 150 customers. Business benefits from repeat clientele and business relationships developed over many years.
- Business has a diversified client base with no single client leading to majority of business revenue every year.
- Business price includes assets and miscellaneous inventory of approx. $258K.
- Business has unionized staff of 19 employees (18 FT and 1 PT), excluding the owner.
- Business owner key role is to oversee operations, sales, estimating. Project management and manage staff.
- Business operates from an easily accessible facility in a commercial location, owned by the Seller.
- Most of current revenues are generated organically through existing client base with little marketing.
- Great opportunity to grow the business further by adding staff (sales, service, estimating & project management) and implementing active marketing plans.
- Owner is planning to retire, hence looking to sell the business, but willing to stay on board for a negotiable period to assist with the transition of the business responsibilities.
- Email Us : [email protected]
