* Profitable & Well-established HVAC Mechanical Contracting Business in GTA for over 10 years
* Business offers a complete set of mechanical services for commercial and institutional properties in the private & public sector and comes with various ongoing revenue streams including HVAC services, troubleshooting/preventative maintenance & repair work. The Business also offers specialized services like thermal imaging
* Existing Minority Owner, and Director of Operations, may consider remaining in his position as an employee to support the new ownership
* The company has established a strong track record, known for its unparalleled service quality, meticulous coordination, and proficient in-house engineering across HVAC and mechanical contracting services
* Approximately 40% of the revenue comes from Maintenance work, and 60% from construction. Most of the construction work is yielded from maintenance work clients
* Business has generated average revenues of approximately $3M over the last 6 years with Revenue for the recent year just ended being approximately $3M
* Company has a multi-year track record of profitability with average discretionary earnings over past four years (YE 2020 to 2023) being approximately $430K, and discretionary earnings of approximately $708K in the YE2023
* Business is on the pre-approved vendor list of many school boards, municipalities and public sector organizations garnered through long standing reputation
* Business price includes asset of approximately $300K, comprising of equipment and vehicles of approximately $80K, and inventory of approximately $220K
* Business has a non-unionized staff of HVAC technicians and office employees of approximately 11 people (excluding 2 owners)
* One of the owner’s key role is Financials, quoting, scheduling, and business development . The second owner is the Director of Operations, and is responsible for general management and overall operations
* Owner(s) have different interest moving forward with one owner looking to retire, and another looking to pursue other interests or may consider staying within the organization in the capacity of an employee. Owner(s) are willing to assist with the transition of the business for a negotiable period
* Huge opportunity to increase revenues by bidding on additional projects and hiring more staff, as well as increasing marketing efforts and updating online presence
