Business for Sale Overview:
The March Group currently represents a successful and well-established full spectrum HVAC contractor that offers a wide range of mechanical contracting needs for a major Midwestern market. Offers full scope design/build, modification and pipe fitting services, from draft and layout to full field installation for commercial and industrial HVAC, ventilation, and process piping. Undertakes a healthy diversity of projects, including jobs for new construction (40 percent of 2008 revenue), renovation (30 percent), service/maintenance (20 percent), and tenant finish (10 percent) markets. A growing service portfolio includes 30 to 40 recurring revenue-producing service contracts, and the market exists for a more prominent service division to capitalize on even greater growth opportunities. Benefits from a highly skilled union labor force with minimal turnover. One of only a handful of LEED (Leadership in Energy and Environmental Design) Green Building approved contractors in the local market. Despite the down economy, 2008 performance was very strong, with revenue surpassing $2.0 million and EBITDA plus owners compensation of $299,031. Revenue is forecast to be flat at $2.0 million in 2009, then increasing at a 10% CAGR. Duct work is currently outsourced to local sheet metal shops; an investor willing to bring manufacturing in house could substantially widen profit margins.
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Property Features and Assets:
Lease a 6,000 square feet facility (2,000 square feet of office and 4,000 square feet of warehouse space).
Market Competition and Expansion:
Management believes that, given the appropriate resources, the Company could easily leverage its existing relationships and expertise to increase its commercial/industrial business and continue to expand the service division. Additionally, new owners willing to accept greater risk and take on larger projects or invest in an in-house sheet metal shop could substantially increase revenue.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.