The Company is a full-services heating, air conditioning (HVAC), mechanical contracting, and service company that has been serving residential and commercial customers in the Baltimore-Annapolis area for many years.
This business offers a variety of service contract options to fit customers’ needs and provides emergency on-call service 24 hours a day. They are specialists in installing Carrier, Trane, Water Furnace, Aprilaire, Weil McLain, and Mitsubishi equipment. Their on-site shop will design and custom fabricate duct systems to meet customers’ specialized needs.
Over the past four years, sales have been fairly steady as the company has not really tried to grow but rather has focused on obtaining very profitable work. Gross margins jumped to over 45% in 2014 and over 42% in 2015 while management kept a tight rein on expenses. As a result, the margin of Adjusted EBITDA grew to 13-14 percent.
Purchase price includes assets (including working capital) needed to operate the business (minus cash) on an interest-bearing debt free basis.
Reason for Sale: Two of owners wish to leave, after a transition period, to pursue other non-related career interests.
Proposed Transaction: The owners wish to sell the entire company and will entertain offers of varying financial and legal structures. Each offer will be evaluated on its own merits and in relation to other offers.
To ensure a successful transition period, the two owners who want to leave are willing to work with a new owner, post-closing but wish to leave as soon as they are no longer necessary. A third owner in charge of all operations, wishes to stay long-term, at least 2 to 3 years.
Asking Price $2,000,000
You May Also Like
Highly Profitable, Well Managed HVAC Business #453809 posted Sep 13, 2016
- Maryland, United States
Highly Profitable HVAC business with service agreements in place available for sale located in a great location in Carroll County. This turn-key business is located in a very desirable area and is a great opportunity for growth through acquisition or for an experienced HVAC mechanic eager to run...
HVAC/Refrigeration Sales & Service #40664 posted Nov 2, 2004
- Pennsylvania, United States
Stable, readily expandable HVAC/Refrigeration sales and service company located in the beautiful Pennsylvania hill country. Existing customer base of long-term relationships will provide large gross and net immediately, while energetic promotion and integrity will rapidly expand business. The business...
Heating, Ventilation & Air Conditioning Products #468010 posted May 9, 2017
- New Jersey, United States
- Available On Request
Located in the Mid-Atlantic Region. The Company is a manufacturer’s representative for several product lines offering a wide variety of heating, ventilation and air conditioning products. Well-established, long-standing name and a superior reputation within the industry for product knowledge. Highly-prized...
Did you know that social networking is a great way to buy a business? Sign up now and we'll show you how.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.