- Company: Very Profitable, well-established company in a HVAC industry in GTA for over 17 years
- Niche Operating Industries: Installation/Servicing of indoor pool dehumidifier systems (75-80% of revenues), Installation of heated/snowmelt driveways and heated flooring systems (20-25% of revenues)
- Healthy/Consistent Profitability: Company has a multi-year track record of profitability with average revenue of approximately $1.05M during the last 4 financial years and seller’s discretionary earnings (SDE) averaging 250k/year
- Excellent performance in 2023 (as per seller): Revenues for first 8 months of 2023 at $1.2 million, Projected Revenue: $1.8-2 million, Projected SDE: $350-$450k; Backlog of signed installation contracts (as of mid-Sept. 2023) at around $1 million
- Description of Revenues: Recurring revenues are around 15-20% – Average installation projects average at 50-70k$ and services range $500-$2,000
- Diversified client base: Split between wealthy residential (80-85%) and commercial (10-15%) customers
- Superb Growth Opportunities: Through expansion of service contracts, the heated driveways/flooring business and adding complementary services to present (wealthy residential individuals) and new clients (residential/commercial)
- Staff: Including the owner, business has a non-unionized staff of 6 employees (4 FT/2 PT)
- Owner’s Role: Business owner’s key role is to oversee operations, estimating and managing the staff and the ongoing projects/installations
- Marketing: Most of current revenues are generated through existing and new client base with minimal or no marketing at all.
- Smooth Transition: Owner is planning to retire, hence looking to sell the business. He is willing to stay on board for a negotiable period (1 to 3 years) to assist with the transition of the business
- Financing Flexibility: Seller is open to consider seller financing options for serious and qualified buyers
- Email Us : [email protected]
