Established Residential HVAC Business In GTA For Sale

Business description

Established HVAC business with a great reputation and brand name in the industry. Products installed and serviced include furnace and air conditioning, gas piping, ductwork, fireplaces, air filtration and humidification, as well as solar panels to a limited extent. Revenue is primarily generated from residential clients (95%) across the GTA for whom the company provides new installation and ongoing service work. The business’ typical client is an educated consumer looking for a worry-free high quality work, and customer referral and retention rates are high. The company has a line of private label HVAC products (furnaces and air conditioners). The firm has 2 employees for office administration and customer service, and 7 contractors that carry out the installation and services sales. The company owns the 2,600 sf premises (front office and warehouse) and the owner is open to selling the real estate together with the business. The ideal buyer candidate will have an interest and/or experience in the HVAC, construction, electrical, or other contract type business. This is also a great synergistic acquisition for somebody that runs an electrical or another complementary business.

Demand for energy-friendly retrofits of HVAC and boiler rooms is fuelled by an increased consumer interest in energy efficiency as a result of higher utilities costs, and provides a strong opportunity for growth. Provincial and federal government rebates for eco-efficient retrofits such as the ecoENERGY Retrofit – Homes Program also support this trend. Another avenue for growth is the installation of solar panels under the Ontario microFIT program, something the company has also recently started to provide to customers.

Fixtures, Furniture & Equipment are as recorded on the 2010 books and exclude the addition of two leased automobiles in 2011. Inventory is as per the average value held on the books at year end. Estimated Cash Flow includes owner’s remuneration as provided by owner (not verified by Beacon).

Business Operation

Reasons for selling:

Other business interests

Employees:

2 F/T, 7 contractors

Years established:

1993

Other information

Support & training:

Training will be provided by the seller as required

Furniture / Fixtures value:

$14,000 (included in the asking price)

Inventory / Stock value:

$55,000 (included in the asking price)

Relocatable:

This business can be relocated.