Profitable Mechanical HVAC contracting business in the Greater Toronto Area (GTA) established over 40 years ago.
Demonstrated multi-year track record of profitability, with the owner’s discretionary earnings for the period ending September 2023 at approximately $580,000 (2022 – $611,000).
Consistent year-on-year growth, even during the challenges of the Covid pandemic. Sales revenue for the period ending September 2023 was approximately $2.6 million (2022 – $2.36 million)
A loyal and organic client base built over the years, with a contract customer turnover rate of less than 2%.
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), including 5 unionized field technicians.
The business is currently co-owned by two partners. Both partners play pivotal roles in overseeing operations, assisting in job quotations, managing schedules, and providing field consultation when necessary. 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 is available.
One partner is looking to retire but will remain actively involved during a transitional period. The other partner is open to staying on, considering both transitional and long-term possibilities.
