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The Firm

Mechanical Advisory Firm Recurring Clients Ninety Percentage For Sale

British Columbia, Canada
Asking Price:
$11,750,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$6,600,020 (CAD)
Cash Flow:
$2,416,800 (CAD)

With 90% of revenue coming from recurring clients, this mechanical advisory company subcontracts almost all their labor. They have been serving major commercial clients since 1992 in HVAC, mechanical, and plumbing and 80% of their business is from new construction with the remaining 20% coming from maintenance & repairs work. Deemed an essential business amid the pandemic, this company’s largest customers are food processing facilities and Amazon distribution centers, with a strong foothold in the logistical and institutional sectors. Their highly experienced team with 5+ year tenures, has over 100 years of combined experience; it consists of the owner, who acts as General Manager, plus 1 Project Manager, 1 Estimator, 1 Office Manager/Bookkeeper, and subcontractors as needed (3 of which are exclusive to this company).

Using proprietary software that tracks the breakdown of all of their costs for each individual project has set them apart from the competition; it allows them to be exceptionally cost-conscious and pursue jobs that match their skill set, while being cost-effective. Clients know this company will always stay on budget. In addition, they have never lost money on a project due to their scientific approach to pricing.

Established in 1992, they are a legacy company in the construction world; they receive invitations from the contracting and construction communities to bid a job and have a current win rate on bids of 50%! This company does not market and advertising as 100% of their customers come from referrals from existing customers. With a current backlog of $6.5M, the team is committed to seeing a job through from beginning to end, from the bidding process to coordinating the resources and installation needed for the project. Services include plumbing, heating, ventilation, air conditioning, sprinklers, industrial gas fitting, steam fitting, process piping, and pneumatics.

This would be a fantastic bolt-on opportunity for a control’s contractor, electrician, or civil contractor. Creating synergy between two companies would be an incredible opportunity to expand the market share and boost revenue.

Property Information

Location:

Location: Greater Vancouver District
Service Area: Coast to Coast in Canada

Size in square feet:
4,000

Business Operation

Expansion Potential:

Growth Opportunities: Great bolt-on opportunity a controls contractor, electrician, or civil contractor; Create synergy and expand market share

Reasons for selling:

Retirement Planning

Employees:
1 Project Manager, 1 Estimator, 1 Office Manager/Bookkeeper + subcontractors as needed (3 of which are exclusive to this company)
Years established:
1992

Other Information

Support & training:

18 Months

Financing available:

Purchase Price: $11,750,000 CAD

15% Buyer Down Payment $1,762,500
15% Seller Financing or Equity $1,762,500
70% Bank Loan $8,225,000

A 15% down payment of $1,762,500 returns $1,104,512 in the first year after debt payments!

Furniture / Fixtures value:
$2,161,951 (CAD) - included in the asking price
Related Documents:

Contact The Firm

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