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Listed by:

N3 Business Advisors Inc

Leading Mechanical Company In Ottawa For Sale

Ottawa, Ontario, Canada
Asking Price:
$12,500,000 (CAD)
Sales Revenue:
$14,000,000 (CAD)
Cash Flow:
$3,500,000 (CAD)

*Very profitable Commercial and Condo High-rise Plumbing & HVAC Business established more than 8 years ago, encompassing over 60 years experience in the field

*Business offers a complete set of Mechanical services including design-build plumbing process, Sheet metal, Controls & Gas Installation

*Business is actively being recruited for construction projects by multiple builders as they have a reputation for delivering high-quality workmanship, knowhow and collaborative work

*As per Seller, year ending June 2024 revenue will be $14M and they expect to do over $17M in 2025 and in 2026

*As per Seller, they have over $45M of signed purchase orders. There are negotiations underway for another $8M to $10M of contracts

*Company has a multi-year track record of profitability; As per Seller, Owner(s) discretionary earnings for period ending June 2024 will be $3.5M and June ‘25 and ‘26 will be over $3.9M

*Business has a staff of 42 employees excluding the owners- 37 Unionized, 5 non-unionized & administrative/management staff

*Current owner’s key role is to oversee operations, estimating and managing staff

*After being in the trade for over four decades, owner is looking to retire; however, is willing to stay with the business for up to two years after transition

Property Information

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Business Operation

Reasons for selling: