Hot Listing

Leading Northern New England Commercial HVAC Firm

Asking Price$44,000,000

Cash Flow
Not Disclosed

EBITDA$7,300,000

Gross Revenue$32,000,000

Inventory$1,000
Not included in asking price
FF&E$300,000
Included in asking price
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Hot Listing

Leading Northern New England Commercial HVAC Firm


Asking Price$44,000,000

Cash Flow
Not Disclosed

EBITDA$7,300,000

Gross Revenue$32,000,000

Inventory$1,000
Not included in asking price
FF&E$300,000
Included in asking price
Business Description
Industry Leading HVAC Firm
For sale is a well-respected and highly profitable decades old commercial HVAC and plumbing company with revenue of more than $30M. Their current sales mix is approximately 85% new construction and 15% maintenance. Very secure and stable company with solid revenue and profitability results every year. No advertising necessary, as they are the “go to” subcontractor for a variety of general contractors doing work in government, hospitals, and other large commercial installs. There is enormous potential for increasing the maintenance side of the business, and room to grow in the current company-owned facility which may be sold separately “by owner” to the buyer of the business for $3M, or continued to be leased at $18,000/mo. The current owners are flexible about transition details, and intend to stay on with the new owners for a few years, if desired.
About the Business
Number of Employees
85
Facilities & Assets
The real estate may purchased for $3M from the owners, or leased for $18,000/mo.
On the BS, there is approximately $1.6M in Vehicles category, $350k in Equipment & Tools, and $140k in Office Equipment being carried.
Market Outlook / Competition
The market is strong and competition is limited , with 2 or 3 main competitors who are nearly maxed out and unable to take on more projects.
Opportunities for Growth
There is significant opportunity for growth by continuing to increase staff, establishing a bona fide service department and widening their territory.
Real Estate
Owned or Leased
Leased
Rent
Not Disclosed
About the Sale
Seller Motivation
Having been in the business for 25+ years, the owners are looking to take chips
Transition Support
The shareholders all desire to stay on for several years. They love the business and want to see it grow more successful under new ownership.
Listing Info
ID
2379771
Listing Views
1636

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Business Listed by: Adam Pratt Atlantic Business Brokers

Listing ID: 2379771 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.