Price Reduction! Pipe & Steam Fitting Contractor

Brooklyn, NY
Kings County

New York City

Asking Price: Annual Revenue:
$900,000 $1,605,677

Services: Construction, Contractors

Request More Information
Contact the Seller

RE: Price Reduction! Pipe & Steam Fitting Contractor Broker: Tony Torella

Quick Facts

Asking Price: $900,000
Annual Revenue: $1,605,677
Net Profit: Not Disclosed
Cash Flow: $316,371
Total Debt: Not Disclosed
FF&E: $58,660
Real Estate: Not Disclosed
Year Established: 1988
Employees: 10
BBN Listing #: 185943099
Broker Reference #: BBN-194313013

Email, Print & Share

Request More Information
Contact the Seller

Business Overview:

This HVAC business, located in New York City, provides general contracting and sub-contracting services, specializing in pipe and steam fitting installation, service and repair. It is located in a region of the country that is experiencing substantial growth in the construction industry. Consequently, this well established business is positioned to grow and prosper with the right ownership.

The business has an established customer base, established operating systems and well trained employees. And it comes with an Inventory of about $102,500.

At any particular time there is usually over $1,000,000 in "Work In Progress" jobs that have not yet been completed. These Work In Progress jobs will be included in the sale. The exact amount to be determined during negotiations. At the current time, the business sale would include $1,064,740 in uncompleted Work In Progress jobs. Based on a conservative margin of 18%, the profit projected for the current Work In Progress balance is $191,653.

The revenue decreased significantly in 2014 due to some health problems that the owner had been experiencing, in addition to his advanced age. Consequently, the seller has reduced the asking price significantly.

The decline in revenue bottomed out in 2015. It then rebounded in 2016 with an increase that was 23% higher than 2015, while the 2017 revenue increased 13% over 2016. More importantly, the business has experienced a significant increase in its 2017 cash flow, and is on target for an even larger increase in 2018.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

The Warehouse, Shop and Office are in a 4,000 sq. ft. stand alone building. And there is a 3,000 sq. ft. lot adjacent to the building.

Market Competition and Expansion:

Their receive their primary work from the Public Sector. But there are also many untapped opportunities in the Private Sector that this business would be capable of competitively bidding on.

Reason for Selling:


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.

Relevant Links:

Request More Information
Contact the Seller is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!