Well Established HVAC And Plumbing Company In Ontario For Sale

Business description

Full service, Heating, Ventilation, Air Conditioning and Plumbing (HVAC/P) company, located in the Greater Toronto Area (GTA), Ontario. This well-established company has a great reputation, and has been in business for over 23 years. The company provides design, installation, and service of HVAC and plumbing systems with the vast majority of sales to commercial customers. The company installs various manufacturers’ product lines.

Servicing the GTA since 1988, this independently owned and operated HVAC/P service and repair company has grown into to a well-managed business with a knowledgeable staff and great reputation in the GTA. The company specializes in installation and repair of air conditioners, furnaces, as well as gas piping, electronic air cleaners, hot water heaters and duct work, predominantly for commercial clients.

Customers and Market
Over the years, the company has built up a long list of loyal clientele that has lead to repeat installation and service revenue. The business does little to promThe company had $7.1 million in sales for 2010 and $5.8 million for 2011and year end working capital of $1.1 million. There is growth potential in the maintenance and service areas, plus further opportunities in the residential market (a profitable market segment where they have never focused). ote itself, relying mostly on word-of-mouth, yet there is never a shortage of work! The company has a diverse customer base of construction companies, property management firms, and institutional clients.

Management & Employees
The company has a strong management team with great depth of experience, and a total of 20 employees. There are seasoned, knowledgeable veterans amongst the staff, capable of handling complex and sophisticated installations. This depth is often difficult to find in today’s market.

Property information

Real Estate:

Lease

Lease terms:

Owner owns the building (as a separate investment) and will lease it to the new owners for a period of time up to 1 year.

Leasehold rent:

$55,000 per annum

Business Operation

Expansion potential:

An opportunity exists to expand into the residential market as they focus on the commercial market.

Competition / Market:

Large competitors like Trane, Carrier, etc. as well as independent owner/operator type companies.

Reasons for selling:

The owners are not active in the day-to-day operations of the business and are planning their retirement. The owners are looking to sell the shares of the business, and the price of the company includes the working capital necessary for the operation.

Employees:

20

Years established:

23

Other information

Support & training:

The current General Manager and Office Manager are available for a transition period as a minimum, and will also consider longer term employment depending upon the buyer and their needs.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Furniture / Fixtures value:

$90,000 (included in the asking price)

Inventory / Stock value:

$133,000 (included in the asking price)

Relocatable:

This business can be relocated.