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Established Mechanical Contracting Business For Sale In GTA - Ref #3778

$1,800,000.00 (Cdn)

Established Mechanical Contracting Business For Sale In GTA - Ref #3778
 
Business Location: South Central Ontario
Postal Code: L4Z
Relocatable: No
 
Business Categories:
Construction & Renovations
Contracting Trades
 

  BUSINESS  FEATURES  

*Profitable Mechanical HVAC contracting business in the Greater Toronto Area (GTA) established for more than a few decades.

*Demonstrated multi-year track record of profitability, with the owner’s discretionary earnings for the period ending September 2022 at approximately $610,000.

*Consistent year-on-year growth, even during the challenges of the COVID pandemic. Sales revenue for the period ending September 2022 was approximately $2.35 million, and since surged to approximately $2.6 million for the period ending September 2023.

*A loyal and organic client base built over the years, with a contract customer turnover rate of less than 2%.


FINANCIAL INFORMATION

*Currently managing over 110 active service and maintenance contracts. With approximately 17% of recurring revenue from fixed contract billings.

*Business price includes assets valued at approximately $305,000.

*Employing 7 staff members (excluding owners).

*The business is currently co-owned by two partners. Both partners oversee operations, assisting in job quotations, managing schedules, and providing field consultation when necessary.


MARKET & COMPETITION

*The second partner in addition also assists in field services as needed.

*Majority of current revenues are generated organically through an existing client base, with no active marketing efforts. There is significant untapped potential for growth by implementing marketing strategies.

*Seller financing can be made available for a qualified buyer.

*One partner is looking to retire but will remain actively involved during a transitional period. The other partner is open to staying on.


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