Mecahnical Industrial And Institutional Contractors In North Texas For Sale

Business description

This business represents an excellent opportunity to purchase a well-established, extremely well managed business with a strong regional reputation. Founded in 1984, this is a mechanical contractor providing HVAC (heating, ventilation, and air conditioning), plumbing, and industrial piping and prefabrication services for the institutional, commercial, and industrial sectors. The Company primarily works with larger contracts, generally ranging from $3M to $6M. A customer base of over 1000 active accounts includes many major corporations. Such a diversified customer base combined with a 75% rate of repeat business has enabled the Company to continue strong profits despite the current recession and tight credit markets. A significant portion of business (49%) is in the Company’s local metropolitan area, with 50% coming from surrounding cities and states, and the remaining 1% of business being international. The management team, all of whom are expected to remain with the business, boasts over 200 years experience in the mechanical contracting industry, enabling the staff to tackle significant issues with relative ease. In 2008, the business moved into a new 36,800 square foot complex which includes a warehouse, pipe prefabrication shop, three clean rooms, and 2.5 fenced acres for parking and storage. Management reports that this space is currently only being used at approximately 25% of capacity. As such, and as economic times improve, the Company is well poised to utilize the additional space as it pursues and penetrates new markets while taking advantage of its current revenue stream. This business is well suited to buyers already in this field or to new buyers who wish to take advantage of this excellent revenue stream as they take this business to the next level.

Property information

Size in square feet:

36,800 sq ft