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Mechanical Contracting Business In Gta For Sale

GTA, Ontario
Construction
Company Data
Price
$7.4M
12%
Revenue
$18.0M
Top 10%
Profit
$2.1M
4X
Business Overview
About the Company
*Very profitable & well-established B2B Mechanical Contracting Business in GTA for over 30 years *Business offers a complete set of mechanical services for commercial and institutional properties and comes with various ongoing revenue streams including plumbing, mechanical, HVAC and other revenue streams sourced through direct-to-client and subcontractor work *Business has built an excellent reputation for its exceptional service, coordination and project management; in addition to becoming the go-to solution provider for HVAC, Mechanical Contracting and Plumbing services *Business has demonstrated a consistent growth pattern over the last 6 years with revenue for the 12-month trailing period ended December, 2023 being approximately $18M, and average revenues over the last 2 financial years being approximately $10M *Company has a multi-year track record of profitability with average discretionary earnings over past four years being approximately $1.6M, and discretionary earnings of approximately $2.1M in the last year *As of December 2023, Seller has over $9.5M of work on hand *Business price includes equipment, vehicles and inventory of approximately $325K *It is on the preferred vendor list of many school boards, universities, municipalities and hospitals *Business has a unionized staff of plumbers, fitters, sheet metal technicians and office employees of approximately 25 people (excluding 3 owners) *Business owner(s) key role is to oversee operations, field staff and estimating *Owner(s) have different interests moving forward with one owner looking to relocate & another exploring early retirement, however, the owners are willing to assist with the transition for a period of 6 months to 2 years *Huge opportunity to increase revenues by bidding on additional projects and hiring more staff *Further opportunity to grow business by leveraging current brand through geographic expansion, and add another trade or service division to become a multi- trade company
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