20+ Year Mechanical Services Business For Sale

Overview

  • Updated On:
  • April 17, 2024

Description

Summary Description
This is a well-established 20+ year business that has grown to become one of the leading providers of heating and cooling product and services in the surrounding areas.  They specialize in refrigeration repair, replacement and installation, and commercial equipment repair, as well as expert workmanship on commercial and residential heating and A/C systems. They offer service contracts, maintenance services, emergency repair, new installations, not-to-mention they service all makes and models of just about anything that heats or cools. The business has a full complement of trained technicians with a long track record of a high standard of service.  The business currently is a four man/four truck service company, with additional trucks and equipment to expand to 5-6 or more technicians today.  They serve Chatham-Kent, Sarnia-Lambton and Windsor-Essex.  An acquisition will provide an excellent opportunity for an entrepreneur with experience and knowledge of the repair of heating, refrigeration, and A/C systems a successful business fully staffed that is highly regarded in the industry. The current owner is a motivated seller ready for retirement!

General Information
Year Established: 2001
Facilities: This business operates from a small office and shop space that is centrally located.  Total space is approximately 2300 sq.ft. which includes approximately 400 sq.ft. of office space and 1900 sq.ft. of warehouse/shop space.

Market Outlook
Competition: A new owner could capitalize on the long-time and recurring business of the company to help maintain a consistent stream of income in the future.  There is local and regional competition.

Growth and Expansion: There are expansion possibilities in their service menu. A new owner could grow the business by looking into diversification of service offerings, such as construction and electrical services.  Other ancillary services, such as air duct cleaning could be offered as well.  Plus, marketing optimization with new forms of marketing such as physical advertising and social media would allow the business access to a larger base of customers.

Property Id : 20719
Business Asking Price: $350,000
Including: Furniture, Fixtures & Equipment: $270,000 Inventory: $0
Gross: $850,000
Seller’s Cash Flow: $170,000
Sellers Discretionary Earnings: $175,000
Listing ID: LBBO48
Support/Training: The owner is willing to stay on for a period of time to help introduce the buyer to key clientele, main suppliers, and the inner workings of the industry.
Financing: Seller financing available to qualified Buyers
Reason for Selling: Retirement
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William Sivell