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Leading Northern New England Commercial HVAC Firm

Agent: Adam Pratt
207-844-1456
Active Listing

Business Description

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.

Asking Price: $44,000,000
Gross Revenue: $32,000,000
EBITDA:: $7,300,000
FF&E: $300,000+/-
Rent: $18,000/mo
Employees: 85
Real Estate: Real Estate For Lease
Market & 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.
Inventory: $1,000
Growth & Expansion:There is significant opportunity for growth by continuing to increase staff, establishing a bona fide service department and widening their territory.
Support & Training: 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.
Reasons for Selling: Having been in the business for 25+ years, the owners are looking to take chips off the table and re-deploy their financial resources.
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.

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