This very successful business specializes in commercial and industrial plumbing in a reasonable size community in Southwestern Ontario. The company provides plumbing, pipe fitting, gas installations, HVAC and sheet metal services. The business capitalizes on its reputable brand within the industrial and commercial community and has developed an extensive and very loyal customer base because of its specialized expertise.
Sales are primarily driven by word-of-mouth referrals and its management team, which actively engages in promotion of the business to its customers. Management is proud to service its many repeat customers. The business has demonstrated profitable historical financial performance, solid sales and year-over-year returns. There are significant opportunities to grow the sales and profits. The business does not demonstrate significant seasonality. The business is TSSA certified and has limited competition in its area of expertise in its immediate market area.
The business is staffed with highly competent and skilled employees, ensuring excellent quality services to their clients. The Company and its employees have built solid relationships with local inspectors. This is an excellent add-on opportunity for an HVAC or plumbing company; or an energetic entrepreneur with a passion and experience in the plumbing/HVAC industry. The existing owner is willing to provide the required training and support to ensure a smooth transition. This is a share transaction which includes a base level of working capital of $175,000. Real estate is available for lease, as a separate purchase at a market rate, or relocation depending on buyer’s preference.
|Type of Sale:||Share Sale|
|Working Capital (included):||$175,000|
|Equipment (management FMV):||$252,934|
|Gross Margin (2018):||$1,363,814|
|Seller’s Discretionary Earnings (2018):||$526,047|
|Normalized EBITDA (2018):||$426,047|
Please note the building is available for lease in the above sale. The building can also be purchased separately for its fair market value.