Business Overview:
*Operating for over 20 years in the HVAC industry, demonstrating long-term stability and experience.
*Servicing a broad range of commercial and industrial clients across the Greater Toronto Area.
*Specializes in comprehensive HVAC maintenance, installation, and repair services, including ductwork and natural gas piping.
Reputation and Financial Performance:
*Renowned for delivering high-quality work and exceptional service, building a solid reputation within the industry.
*Strong customer satisfaction and trust, evidenced by a loyal client base and high retention rates.
*Stable revenue stream, projecting an upward trend with estimated revenues reaching +$900,000 for 2023.
Client Base and Operations:
*Maintains a robust client base with 135 contracted customers and numerous non-contracted clients, ensuring consistent revenue streams.
*Major revenue sources include quoted installations and repairs (over 50% of total revenue), heating service calls, labor, and parts (approximately 25%), A/C service calls, labor, and repairs (around 11%), and maintenance contracts (about 10%).
*Operates efficiently with a well-maintained fleet of service vans and a team of experienced and skilled mechanics, ensuring reliable and timely service delivery.
Growth Potential:
*Significant growth potential in expanding services to the residential market, a largely untapped opportunity for the business.
*Established client base and strong industry reputation provide a solid foundation for further expansion and diversification.
*Opportunities to increase marketing efforts, enhance online presence, and explore new service areas to attract more clients and boost revenue.
Ownership and Management
*The business is co-owned by two partners who are planning to retire within the next 6-8 months, creating an opportunity for new ownership.
*The office manager is highly capable of running day-to-day operations, supported by a team of skilled mechanics, ensuring continuity and operational stability.
*Current owners are willing to assist during the transition period to ensure a smooth handover, providing valuable insights and maintaining client relationships.
