Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Time to Sell or Time to Buy !

Sold. Highly Profitable Hvac And Plumbing Contractor

LISTING DETAILS
Firms For Sale ID:
28444
Vendor reference:
3123
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
Undisclosed  
Turnover / revenue:
$40,000,000
Net profit / cashflow:
$6,700,000
Years established:
17
Number of employees:
152

OTHER DETAILS
Reason for selling:
The owners of the contractor business for sale are looking for a transitional exit strategy/retirement.
Support and training:
The active owners of this HVAC, plumbing and mechanical contractor business for sale are available to remain with the contractor business over a multi-year transition period.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
This Business for sale is a well-regarded, design-build HVAC (Heating, Ventilation, and Air Conditioning), mechanical and plumbing contractor, serving the multi-family residential, hospitality, and commercial construction markets in Canada and the United States. The commercial HVAC, mechanical and plumbing contractor company for sale is strongly positioned as a regional contractor; projects are concentrated in metropolitan markets on both sides of the U.S. – Canadian border. Projects include many large, high-rise residential developments, as well as major commercial and office complexes.

The HVAC, plumbing and mechanical contractor business for sale has been able to effectively differentiate itself on a number of fronts, including its long-standing reputation for quality, comprehensive services, strong design-build capabilities and unrelenting focus on customer service. As a design-build contractor, the contractor business for sale’s core competencies are complemented by in-house engineering and controls capabilities.

An experienced group of division, project, engineering and controls managers represent a core management team for this contractor business for sale which will remain with the business under new ownership.

Fiscal 2012 sales are forecast to approximate $12 million and $28 million for the U.S. and Canadian divisions, respectively, with corresponding EBITDA of $1.7 million (14 percent margin) and $5.0 million (18 percent margin). A backlog of approximately $25.8 million for the U.S. operation and $44.5 million for the Canadian operation of this HVAC, mechanical and plumbing contractor for sale supports current and future year projections.

Market / Competition / Non-Competition Agreements
Management is confident that the contractor business for sale is well positioned to leverage its well-earned reputation and proven capabilities to pursue growth beyond current projections. The contractor business for sale’s strong customer relationships, proven track record, and outstanding reputation present exciting opportunities to increase market share. Increased business development efforts, geographic expansion, and pursuit of untapped markets, just to name a few, present exciting areas in which more aggressive management can pursue enhanced growth through the injection of human and other resources, making this HVAC, plumbing and mechanical contractor business for sale a very attractive acquisition opportunity.