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Hvac Residential Commercial Plumbing Electrical Business For Sale

Grey County, Ontario, Canada
Asking Price:
$1,250,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$2,100,000 (CAD)
Cash Flow:
$360,000 (CAD)

This residential and commercial HVAC, Plumbing and Electrical business has been serving Grey-Bruce counties for over 30 years. The business has generated revenue of $2 million dollars per year for the last 5 consecutive years. Long-term customer relationships with commercial and new home builders supported by a network of local suppliers and long-term employees provides a $200,000 salary for this husband & wife team plus discretionary income and $180,000 in retained earnings yearly.

The business could be rolled-up successfully into an existing commercial HVAC installation & services business or acquired by an independent operator. Trade Certification's not required for ownership with licensed tradesmen and apprentices in the following fields, HVAC, Electrical, Plumbing, Sheet Metal, Refrigeration, Propane, Natural Gas.

Owner dependency to run the daily operation is low with 3 long-term managers responsible for daily scheduling and project management to execute the 3 core services with 6 additional employees. The current owner will stay on board for up to 12 months to ensure a successful transition.

- $340,000 in asset value including 6 commercial vans (2016-2019) & trailers valued at $210,000

- No Debt, $130,000 in prepaid inventory, shop tools, and equipment

- 3000 sqft leased premises in a commercial area

- One-stop, highly efficient, and profitable HVAC business with complementary trades strategy

- Commercial contract with The Beer Store and other restaurant brands (Wendy's, MacDonald's)

- Opportunity to expand service & maintenance contract side of the business.

- Branding and Marketing opportunities to increase revenue (x3) in one or more services.

Property Information

Real Estate:

Lease

Lease Terms:

5 Year Lease expires January 1st, 2024 with renewal option

Leasehold Rent:

$19,500 (CAD) per annum

Location:

The business is located just outside city limits in a commercial area with 3 of the business's top 5 suppliers located in the same area. This reduces inventory carrying costs and administration with product pick-up or delivery on-demand.

Premises Details:

The 3000sgft space is located in a commercial building shared with the landlord. The landlord charges base rent only, TMI excluded, except a snow removal contract.

Business Operation

Expansion Potential:

The opportunity to expand one or all 3 service offerings is significant. The low-hanging fruit would be targeting commercial, industrial, and office buildings to secure service/maintenance contracts based on the combined service offering similar to the current Beer Store or Franchisee contracts already held.

Competition / Market:

The business is the only full service and maintenance business in the area with licensed tradesmen in the following fields, HVAC, Electrical, Plumbing, Sheet Metal, Refrigeration, Propane, Natural Gas. There are 8 other HVAC Businesses covering a large area in Grey and Bruce Counties but most are specific to residential service.

Reasons for selling:

The husband and wife would like to retire

Trading hours:

9:00am - 5:00pm

Employees:
9
Years established:
30+ years

Other Information

Support & training:

The owner will remain onboard during a 12-month transition period. The 3 managers are effective trainers and manage the apprenticeship program. The owner's spouse will train for the accounting and administration role.

Furniture / Fixtures value:
$290,000 (CAD) - included in the asking price
Inventory / Stock value:
$60,000 (CAD) - included in the asking price
Relocatable:
This business can be relocated.

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