Business Sales & Acquisitions
Price
$1,500,000
Location
Merrimack County, New Hampshire
Industry
Service Businesses
Listing ID
MT71223
This mechanical contractor business has been operating since 1976. Current owners purchased from employing prior owner in 2005 and grew the business to current production of $3-4M annual gross. Both owners work in the business. One partner estimating and bidding projects and managing the staff of 12 techs including HVAC specialists, gas fitters, sheet metal installers, refrigeration techs, and plumbers. The other owner provides full-time office support. Project portfolio is exclusively commercial with several state and municipal projects. Approximately $6M of future business under contract. Bondable up to $5M. Facilities are leased with approximately 4000 sq. ft. of garage space and 1800 sq ft of office space. The 11 vehicles and other equipment are estimated at $220k. Open 5 days a week. The business is priced to sell with a highly motivated owner. Seller will provide hands on training to ensure a smooth transition The seller is seeking retirement. SBA pre-approval is underway. Financials: Note: Financials are seller-provided and not audited by Inbar Group, Inc.
There is plenty of room for potential growth and expansion.
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Price: $1,500,000
Location: Merrimack County, New Hampshire
Industry: Service Businesses
Listing ID: MT71223
This mechanical contractor business has been operating since 1976. Current owners purchased from employing prior owner in 2005 and grew the business to current production of $3-4M annual gross. Both owners work in the business. One partner estimating and bidding projects and managing the staff of 12 techs including HVAC specialists, gas fitters, sheet metal installers, refrigeration techs, and plumbers. The other owner provides full-time office support. Project portfolio is exclusively commercial with several state and municipal projects. Approximately $6M of future business under contract. Bondable up to $5M. Facilities are leased with approximately 4000 sq. ft. of garage space and 1800 sq ft of office space. The 11 vehicles and other equipment are estimated at $220k. Open 5 days a week. The business is priced to sell with a highly motivated owner. Seller will provide hands on training to ensure a smooth transition The seller is seeking retirement. SBA pre-approval is underway. Financials: Note: Financials are seller-provided and not audited by Inbar Group, Inc.
Gross Revenue: $3,000,000
Cash Flow: $500,000
Year Established: 1978
Days & Hours of Operation: 5 days a week
Employees: 12 Full-Time
Monthly Rent: 3200
Type of Location: Single Location.
Square Footage: 5200
Potential Growth: There is plenty of room for potential growth and expansion.
"*" indicates required fields
Price
$1,500,000
Location
Merrimack County, New Hampshire
Industry
Service Businesses
Listing ID
MT71223
This mechanical contractor business has been operating since 1976. Current owners purchased from employing prior owner in 2005 and grew the business to current production of $3-4M annual gross. Both owners work in the business. One partner estimating and bidding projects and managing the staff of 12 techs including HVAC specialists, gas fitters, sheet metal installers, refrigeration techs, and plumbers. The other owner provides full-time office support. Project portfolio is exclusively commercial with several state and municipal projects. Approximately $6M of future business under contract. Bondable up to $5M. Facilities are leased with approximately 4000 sq. ft. of garage space and 1800 sq ft of office space. The 11 vehicles and other equipment are estimated at $220k.
Open 5 days a week. The business is priced to sell with a highly motivated owner. Seller will provide hands on training to ensure a smooth transition The seller is seeking retirement. SBA pre-approval is underway.
Financials:
Note: Financials are seller-provided and not audited by Inbar Group, Inc.
There is plenty of room for potential growth and expansion.
Administration and Mail
209 West 29th Street
Suite 318
New York, NY 10001
Phone: 212-473-5000
1245 Farmington Ave
Suite #302
West Hartford, CT 06107
Phone: 860-474-8000
1001 Liberty Ave, 5th Floor
Pittsburgh, PA 15222
Phone: (215) 461-5000
Two Liberty Place
50 South 16th Street
17th floor
Philadelphia, PA 19102
Phone: 215-388-2334