Profitable Mechanical Services Company

Not Disclosed, NJ

Asking Price: Annual Revenue:
Not Disclosed $15,000,000

Services: Construction, Contractors

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RE: Profitable Mechanical Services Company Broker: Steve Wain

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $15,000,000
Net Profit: Not Disclosed
Cash Flow: $2,140,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1990
Employees: 24
BBN Listing #: 951429987
Broker Reference #: 14631411

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Business Overview:

This $16.8M HVAC company has experience in public as well as private projects, including, but not limited to, schools, utility plants, hospitals, transportation hubs, office buildings, malls, manufacturing, and assisted living facilities. With its own union shop, the company installs fans, cooling towers, chillers, pumps, boilers, air handling units, ventilators, and more. An excellent reputation and an outstanding customer service track record are why general contractors, architects, engineers, and developers keep coming back, after 30 years, to work with this well-established HVAC contractor. The company showed resilience throughout the pandemic and has/is taking steps to put itself in an even better position in the coming years. There has been a concentration on doing design/build jobs as they are very profitable. In addition, an increase in both DPMC and bonding authority (granted in mid-2021) allows the company to almost triple its work capacity for both public and private work. The company is very competitive on public work which requires union workers, and also allows for doing a limited amount of non-union work.

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Property Features and Assets:

Leased - 9,500 square feet between an administrative building, a warehouse, and a fabrication shop.

Market Competition and Expansion:

Although there are local competitors, this business has unique experience and advantages that help it win jobs. The owner has identified several growth opportunities that will be shared at the appropriate time.

Reason for Selling:

Owner wishes to retire.

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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