Profitable Mechanical Contractor in Ohio.
Mechanical contracting company in Ohio positioned for major growth. This multi-faceted company is capable of performing turnkey mechanical services to their commercial and industrial clients. They specialize in HVAC, process piping, steam piping, welding, plumbing and general plant maintenance services (many on contract). They also possess design build capabilities in-house and can support very large projects scope of work as prime or GC for the project. Other mechanical services they can self-perform include but are not limited to: back-flow installations and re-certifications, refrigeration, sheet-metal, concrete, rigging and insulation. Owner has over 45 years of experience and can help buyer transition into the well-established customer base that comes to them for support and professional service.
This company holds a State of Ohio contractor's license for plumbing, HVAC, hydronics and boiler installation. Some of their other certifications and qualifications include:
* ASME Welding Stamp
* Design Build Capabilities
* UA Weld Center Participant
* Vectren Qualified
* Medical Gas Certified
* Edge Contractor
* GSA Contract Holder
* Backflow Certified
Attention large mechanical contracting companies! This is a rare opportunity to acquire a solid active customer base in one of the most desirable areas of the country.
NOTE: Offers will be entertained by the seller and compared to other offers before any definite decision will be made for acceptance. Only prospective buyers willing to sign a Nondisclosure Agreement and who have ample financial resources should inquire. A letter from the prospective buyer's financial institution for the purpose of verifying their ability to purchase may also be required before any sensitive financial or proprietary information will be released by the seller.
Facilities: Seller owns a relatively new commercial building with approximately 5000 sq. ft. of office and warehouse/fabrication space. Owner is willing to sell or lease the property to the new owner, however, those terms will be negotiated between the seller and the buyer directly.
Competition: This business is conveniently located in a region of Ohio that is very conducive for future growth. They compete with other mechanical companies performing similar services, although they are a preferred vendor working for major government institutions and privately owned companies in the region. They offer turnkey mechanical services which gives them a major advantage over the competition.
Growth & Expansion: This company has grown considerably over the past 5 years. They completed approximately 5M in work in 2013, 7M in 2014, 9.3M in 2015 and are on course for 15M in 2016 (based on P&L projections). With contracts in place with several clients, they have a very solid base of work and are presently limited in growth only by their decision to remain at this level. To jump to the next level, the new owner would need to augment the existing support staff (estimators, engineers, project managers, etc.) to manage more projects in-house.
Support & Training: The owner is willing to stay for a period of time to help the buyer transition into the business. The period of time for the owner to remain will need to be negotiated between the buyer and the seller.
Reason for Selling: Retirement
Asking Price Available On Request
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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.