This mechanical contractor business has been operating since 1976. Current owners purchased from employing prior owner in 2005 and grew the business to current production of $3-4M annual gross. Both owners work in the business.
One partner estimating and bidding projects and managing the staff of 12 techs including HVAC specialists, gas fitters, sheet metal installers, refrigeration techs, and plumbers. The other owner provides full-time office support.
Project portfolio is exclusively commercial with several state and municipal projects. Approximately $6M of future business under contract. Bondable up to $5M.
Facilities are leased with approximately 4000 sq. ft. of garage space and 1800 sq ft of office space. The 11 vehicles and other equipment are estimated at $220k.
Open 5 days a week. The business is priced to sell with a highly motivated owner. Seller will provide hands on training to ensure a smooth transition The seller is seeking retirement. SBA pre-approval is underway.
Financials:
• Asking Price: $1,500,000
• FF&E: $150,000
• Annual Cash Flow: $500,000
• Gross Revenue: $3,000,000
• Employees: 12 Full-Time
• Monthly Rent: $3,200
• Down Payment: Negotiable
• Open: 5 Days
• Building Size: 5,200 SQFT
• Established: 47 Years
• Reason for selling: Owner is seeking retirement.
Note: Financials are seller-provided and not audited by Inbar Group ,Inc.
