
Long Established, Profitable Commercial HVAC Contractor
Long Established, Profitable Commercial HVAC Contractor
Price: $5,500,000
Location: NY
Industry: Construction
Listing ID: RaptID 5591
DESCRIPTION
This well-established, highly profitable enterprise is primarily a “build to print “mechanical HVAC contractor working on interior renovations, hospitals, hotels, high end restaurants, retail, banks, etc. Ownership has weeded out less reputable contractors & only works with "preferred" customers, with a proven payment history. The company has long-standing relations with sub-contractors who perform the bulk of the work. SBA financing of $5MM is available to a qualified buyer.
Ownership will remain for up to a year to train the buyer & transition the business.
The firm typically performs mechanical contracting work for between 25 to 30 clients annually, with a strong management team in-place, Mechanical contracting accounts for over 90% of the annual revenue.
The company also provides HVAC services to ~ 50 commercial accounts. The service business represents about 8% of sales.
LISTING DETAILS
Total Sales: $17,900,000
Cash Flow: $1,415,688
FFE Included: Yes
FFE: $100,000
Reason For Sale:
Retirement. Ownership wants to enjoy a slower lifestyle.
Training & Support:
Ownership is willing to remain for up to one year to assure transition of business.
OPERATION
Year Established: 1989
Employees: 19
SUMMARY
Potential Growth:
Growth in the commercial HVAC market is available, but will require addditional working capital. Presently, the firm only provides service work to existing clientele and this represents a small (>10% of sales). This market offers siginficant growth opportunity to a new owner.
Financing/Terms:
SBA financing of up to $5MM for qualified buyer. Seller will hold small buyer note.
For more information on this listing, please complete our Non-Disclosure Agreement
CONTACT DEAL OWNER