Business For Sale

Commercial HVAC Sheet Metal with $2m WIP Included

Not Disclosed, NJ
Bergen County

Bergen County


Asking Price: Annual Revenue:
$2,200,000 $6,216,298

Manufacturing: Metal Products


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RE: Commercial HVAC Sheet Metal with $2m WIP Included Broker: Joe Coculo
Owner Financing is Available!
Seller will consider financing from the right buyer.

Quick Facts

Asking Price: $2,200,000
Annual Revenue: $6,216,298
Net Profit: $770,241
Cash Flow: $770,241
Total Debt: Not Disclosed
FF&E: $683,000
Real Estate: Not Disclosed
Year Established: 2007
Employees: 23
BBN Listing #: 56126891
Broker Reference #: Not Disclosed

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Business Overview:

The company was started in 2007 to fill the need for quality HVAC services. The company is involved with, but are not limited to, Heating Ventilating and Air Conditioning (all kinds), Air Direct Construction, Budgeting and Estimating Services, HVAC Management, Value Engineering and Design, Mechanical Coordination and Consulting.

Since inception the company has worked with General Contracting companies such as: Turner, Torcon, Structure Tone, Hunter Roberts, and many other high profile companies. In 2009, they developed a close relationship with major Pharmaceutical company. They have done many successful projects for them at their Northeastern US plants.

Past and current projects include; pharmaceuticals, colleges, office buildings, retail chains, warehouses, and schools throughout New Jersey and New York State, with experience managing contract amounts ranging from $10,000 to $4 million. Sales for the previous two years have been in the $6 million range. The company currently has a backlog of @ $2M.

Their employee count ranges from 20-50, depending on our workload. They employ sheet metal workers from Local Union, and occasionally from other local unions depending on the territory of their projects.

The company is currently renting shop space in New Jersey, have approximately 8,000 square feet of space. This is made up of offices for estimating and drafting, as well as their Fabrication Shop and outside storage for their delivery trucks. The Draftsmen use industry specific CAD software to design the projects and submit to the fully automated shop. The Shop is equipped with a full coil line, plasma cutter, roll formers, brakes, welders and all necessary small tools to fabricate just about anything. They estimate the current market value of their machinery, equipment and vehicles at $600,000.

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Property Features and Assets:

8,000 SF facility, easily accessible to all major highways. Ample parking. Company has 1.1 million in fixed assets. Owner will consider staying on after transitionary period.

Market Competition and Expansion:

Company has cutting edge technology that provides them a competitive edge. Competition is present, however this company's reputation for quality work stands it apart from it's competitors. They have just entered the New York market, due to a heavy demand for their services. They are currently working on new Acquisition business and are in the process of obtaining lease space to help them establish another location to better grow their market share.

Reason for Selling:

Retirement of seller.

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.

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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