18 Oct Established Turnkey Commercial HVAC Company
Location: New York Metro Region,
Industry: HVAC Commercial
Listing ID: 1300
This business has a 34-year operating history, established in 1988 and in operation under the current owners
since 2016. The business does not market its services through traditional ways, they have obtained all projects
through word-of-mouth referrals and from existing, trusted client relationships. Their provision of turnkey
commercial HVAC solutions include upgrades, remodeling, renewals, expansions, retrofits, repairs, servicing,
and installations. The majority of their projects are sourced from high-profile clients including numerous, large
scale property management businesses and general contractors.
This business has 24 employees who are competent and loyal. They employ unionized, experienced technicians,
an in house team of project managers and estimators, as well as a professional subcontractor network.
The business is ideally suited as an add-on acquisition for an existing HVAC business that seeks to expand its
service offering, acquire an established client base and deepen its market reach and penetration.
So far this year (reported in May) they have a backlog of $4.8 million and have billed $1.3 million through April.
The current location offers office space, workshop/garage and gated parking. This business is relocatable as the
growth of the business does not rely on the premises, the staff is equipped to work autonomously and remotely.
Accounts Receivable: $1,642,710
FFE: $396,875 (Included in Price)
Form of Ownership:
Reason For Sale:
Owners are looking to pursue other opportunities more local to them.
Training & Support:
Current owners will provide training - terms to be discussed
Year Established: 1988
Year of Last Acquisition: 2016
Absentee Owner?: Yes
The growth of the business does not rely on the premises as the staff is equipped to work autonomously and remotely.