Retiring Owner HVAC Business in GTA

*Company: Profitable, family-operated and a well-established HVAC company with 40y+ history

*Performance: Last year (YE Dec-2023) revenues were at around $790k and seller’s discretionary earnings (SDE) approximately $240k.

*The average SDE for the last 2 years (Y2021-2023) was around $200k

*Revenues/Client base: Predominantly (95%) from residential customers with 80-85% of sales from installations and the rest (15-20%)
from services. Business has 2,000+ customers with approximately 30% in recurring sales. Average sale per installation runs between
$8-15K and $200-500 per service calls

*Location: Business is run from a home office – i.e. new owner can run it from anywhere within GTA or its vicinity

*Geographical Coverage: By employing long-term/reliable subcontractors, business is able to cover a vast area of the GTA and cities
around

*Personnel: Owner included – a non-unionized staff of 3 employees (2 FT and one PT) and a few (5-6) reliable subcontractors

*Owner’s Role: Handle sales, estimates, quotes – managing the staff and subcontractors – supervising ongoing projects/installations
and services.

*Marketing: Successfully done through several channels – tradeshows (Home shows), referrals from existing/previous clients, word of
mouth as well as direct email campaigns and online marketing

*Growth Opportunities: Exist by implementing a more aggressive marketing to expand the client base and market/expand HVAC
services to existing clients as an add-on service

*Smooth Transition: Owner is planning to retire, hence looking to sell the business. He is willing to stay on board for a negotiable
period (up to 6 months preferred) to assist with the transition of the business

*Assets Included: Vehicles, Equipment, Tools and Inventory (as per seller, valued at $75k)

*Financing Flexibility: Seller is open to consider seller financing option for serious and qualified buyers only