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Listed by:

The Firm

Hvac Electrical Design And Installation For Sale

South Carolina, US
Asking Price:
$5,950,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$4,756,828
Cash Flow:
$1,472,747

With an 80% recurring client base, this multi-service business has an incredibly versatile team of employees in place! Self-performing 90% of their work, this company has an average WIP worth $2M. They offer complete mechanical, electrical, and automation design, installation, and maintenance, as well as steel erection, concrete foundations, design build, and heavy equipment installation. The team of employees is incredibly versatile, with the ability to transition from trade to trade very easily. Less than 20% of business is new construction and they have 25+ recurring clients that span different industries. They have existing government contracts with the city and department of transportation. The company started performing more mechanical services a few years ago, resulting in higher net income and profit margins. As they continue to do more on the mechanical side in the coming years, a new owner can expect to see profit margins and net income continue to increase, as profit margins from mechanical work is 35%, compared to 15% from general contracting services.

Located near Charleston, South Carolina, the company operates from a two-acre property including four buildings. They are well-known all over the Carolinas. Work is typically steady throughout the year and most projects are completed within a 100-mile radius of the office.

Priced at $5,950,000, this is a business that is in a position to grow in the construction industry. There is tremendous room for expansion into the mechanical side, which currently accounts for only 9% of the business, but has a higher profit margin than the other services they provide. A 12.5% down payment of $743,750 returns $711,843 in the first year after debt payments – a 96% return on investment.

Property Information

Location:

• Location: Ridgeville, South Carolina
• Service Area: Within 100-mile radius

Premises Details:

• Vehicles: $808,720 (22) trucks, digger, crane, etc.
• Heavy Equipment: $126,500 (6) forklift, excavator, scissor lift, etc.
• Trailers: $101,350 (16)

A/R: $400,000 A/P: $200,000
Included Working Capital: $200,000
Inventory: $200,000
Work in Progress: Average $2,000,000
Current WIP: $4,800,000
Backlog: $1,359,463

Business Operation

Reasons for selling:

Industry Consolidation

Employees:
22 full time office & field employees
Years established:
2005

Other Information

Support & training:

2 years; willing to stay on as President or GM

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Purchase Price: $5,950,000

12.5% Buyer Down Payment $743,750
12.5% Seller Financing or Equity Roll $743,750
75% Bank Loan $4,462,500

A 12.5% down payment of $743,750 returns $711,843 in the first year after debt payments!

Furniture / Fixtures value:
$1,036,570 - included in the asking price
Inventory / Stock value:
$200,000 - included in the asking price
Related Documents:

Contact The Firm

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