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Mechanical Contractor - Radiant Heating
HAMILON001-N25
Confidential, Ontario, Canada
Plumbing, Heating, and Air-Conditioning ContractorsListing Status: Active
Sunbelt of Hamilton Ontario
Phone: 905-538-5741Fax: 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 |
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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 |
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Building Size: | 4000 sq ft |
Other
Franchise? | No |
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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 |