Commercial Hydronic Heating And Mechanical Contractor In Kitchener-Waterloo For Sale

Description

Business type: commercial hydronic heating and mechanical contracting business

Location: Kitchener-Waterloo Region and Southwestern Ontario

Established: 1999

Trading history: more than 25 years

Customer markets: commercial and multi-residential properties

Services

• Hydronic heating system design
• Hydronic heating system installation
• Hydronic heating system servicing
• Commercial mechanical system design
• Commercial mechanical system installation
• Commercial mechanical system servicing

Financial information

Average annual revenue: approximately $525,000

Average Seller’s Discretionary Earnings: approximately $321,000

Financial period: FY2023 to FY2025

Financial basis: average of the last 3 fiscal years

Customers

Residential service accounts: approximately 50

Commercial service accounts: 3

Commercial accounts: include multi-residential apartment portfolios

Recurring service revenue: established

Operations

Operating structure: owner-operated and lean

Office and warehouse employee: long-tenured

Subcontractor network: established

Technical specialization: hydronic heating and mechanical systems

Assets included

Included asset value: approximately $70,000

• Vehicles
• Tools
• Equipment

Expansion options

• Add plumbing services
• Increase recurring maintenance contracts
• Expand geographic service area
• Add dedicated business development activity

Training and transition

Seller transition support: available for a reasonable period

Transition purpose: operational continuity

Transaction details

Vendor take-back financing: available to qualified buyers

Vendor financing terms: subject to agreement on reasonable terms

Reason for sale

Reason for sale: retirement