Established Canadian businesses - For Sale by Owner - in Canada
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Listing # 44206001
Business For Sale
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Established HVAC And Mechanical Contracting Business For Sale - Ref #3778
$1,800,000.00 (Cdn)
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Business Location: Toronto Area
Postal Code: M4C
Relocatable: No
Business Categories:
Construction & Renovations
Contracting Trades
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Revenue : $2,600,000
Asking Price: $1,800,000
Ref: 3778
Location : Ontario - Greater Toronto Area
Status : NEW
*Profitable Mechanical HVAC contracting business in the Greater Toronto Area (GTA) established over 40 years ago.
*Demonstrated multi-year track record of profitability, with the owner’s discretionary earnings for the period ending September 2023 at approximately $580,000 (2022 - $611,000).
*Consistent year-on-year growth, even during the challenges of the COVID pandemic. Sales revenue for the period ending September 2023 was approximately $2.6 million (2022 – $2.36 million)
*A loyal client base built over the years, with a contract customer turnover rate of less than 2%.
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*Currently managing over 110 active service and maintenance contracts. With approximately 17% of recurring revenue from fixed contract billings.
*Business price includes assets valued at approximately $305,000.
*Employing 7 staff members (excluding owners), including 5 unionized field technicians.
*The business is currently co-owned by two partners. Both partners play pivotal roles in overseeing operations, assisting in job quotations, managing schedules, and providing field consultation.
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*Majority of current revenues are generated organically through an existing client base, with no active marketing efforts. There is significant untapped potential for growth by implementing marketing strategies.
*Seller financing is available.
*One partner is looking to retire but will remain actively involved during a transitional period.
The other partner is open to staying on, considering both transitional and long-term possibilities.
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INCLUDED, EXCLUDED & OPTIONAL |
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- INCLUDED in the Price - |
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- Check with Seller -
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