Mechanical Contractor - Radiant Heating

Listing ID:
HAMILON001-N25

Confidential, Ontario, Canada

Plumbing, Heating, and Air-Conditioning Contractors

Listing Status: Active

Sunbelt of Hamilton Ontario

Phone: 905-538-5741
Fax: 905-538-5742

Description

Motivated Seller. This is a Southern Ontario based business offering compelling technology with a strong reputation and leadership position in their industry. Radiant heat generally offers a 3 year payback versus conventional forced air heating. The company’s revenues are derived from residential and commercial installations. There is limited competition and considerable room for growth as the current owner does not bid on tenders and are selective in the business they do. There is a highly trained staff in place. A background in HVAC or mechanical engineering, or a general mechanical aptitude would be beneficial. The owner is willing to stay on for up to a year to ensure a smooth transition. The owners are moving in to a different venture that they have started 2 years ago. Most of time and effort are concentrated to the new venture. This business needs a full owner operator to grow. For detailed information contact Reza Akbari ( reza@sunbeltnetwork.com ) 905 538 5741

Financials

Asking Price:$595,000
Revenue:$806,000
Cash Flow:$200,000
Downpayment: NEGOTIABLE
Monthly Payroll:$30,000
FF&E Asking Price:$143,000 (Included in Asking Price)
Inventory Asking Price:$70,000 (Included in Asking Price)
Financing Available?No

Property

Type:Leased
Building Size:4000 sq ft

Other

Franchise?No
Homebased?No
Relocatable?Yes
Year Established:
Year Acquired:2007
Full-Time Employees:5
Part-Time Employees:1
Reason For Sale:Moving to a new venture