25+ Year Mechanical Services Business For Sale

This is a well-established 25+ year business that has grown to become one of the leading providers of heating and cooling services in the Windsor and Essex County areas. They...

Asking Price:

$1,400,000

Listing Location

City:

Windsor

Country:

Canada

Listing Overview

This is a well-established 25+ year business that has grown to become one of the leading providers of heating and cooling services in the Windsor and Essex County areas.  They specialize in refrigeration repair, traditional HVAC service work for commercial and industrial clients, restaurant equipment repair and some commercial laundry equipment service.  They offer service contracts, maintenance services, emergency repair, 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 3 man/four truck service company, with an additional truck and equipment to expand to 4-5 or more technicians today.  The owner is not a service technician, he operates as the General Manager.  They serve Windsor-Essex and do a small amount of business in the Chatham-Kent area.  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: 1997
Facilities: This business operates from a small office and shop space that is centrally located.  Total space is approximately 2500 sq.ft. which includes approximately 1250 sq.ft. of office space and 1250 sq.ft. of warehouse/shop space.  Property is approximately 36,000 sqft, so there is room to grow.  Centrally located with easy access and short drive to most customers. Property includes in floor heating and forced air heat, A/C in the office and automatic back up generator.
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 installation, sheet metal, and 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. 

About the Sale

Business Asking Price:

$1,400,000

Including:

Furniture, Fixtures & Equipment: $120,000 Inventory: $7,500 Real Property: $1,000,000

Gross:

$835,000

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.

EBITDA:

N/A

Sellers' Discretionary Earnings:

$140,000

Financing:

Seller financing available to qualified Buyers

Reasons for Selling:

Retirement

Sellers' Cash Flow:

$140,000

Listing ID:

LBBO59

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