The company is a well-established HVAC and Plumbing Company supporting both Commercial and Residential Customers. There is a strong Management team in place, The company requires a strategic leader to help grow operations, or an existing company looking to add top and bottom-line growth.
Growth Opportunities
There is a large upside for growth. Each year the company turns down numerous opportunities for additional work. Unfortunately, with the state of the labor force today, the company must be cautious in the amount of growth they allow.
The company has a core of several General Contractors, manufacturing facilities and developers that they do a lot of repeat business. A large percentage of this work is on a design/build basis and the contract amounts are often negotiated. They are very fortunate that with their reputation, quality employees and capable size that they find that the work comes to them.
The company is also active, in a limited basis, in the spec and bid market in certain types of projects. They perform some prevailing wage projects as well. They are selective in the type of work they get involved in with this segment. The company President feels it is important to keep a presence in this arena as there are times when the company needs to step out and find additional work. This also opens up doors and builds relationships for future business.
Financial Information
$3,700,000
Asking Price
$800,000
Cash Flow
$8,000,000
Gross Revenue
N/A
Down Payment
Yes
Financing
Business Location
City:
Confidential
State:Ohio
Financing Comments
Owner may be willing to offer 10% financing to the right buyer.
Reason for Sale
Owner would like to retire.
Detailed information
Year Established:1985
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 41
Part-Time Employees:2
Contractors:N/A
Owner Worked Hours/w:N/A
Adjusted EBITDA:
N/A
Inventory Included: No
Inventory Value:
$500,000
Monthly Rent:
N/A
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
N/A
FF&E Included?: No
Training/Support
Owner will work with buyer to develop a training and transition plan agreeable to both parties.
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