Well Established Plumbing and HVAC business

Ontario
Asking Price: $1,156,772 ($1,600,000 CAD)
Business For Sale Details
Listed on Apr 24, 2024

Serving London and area for over 60 years, the company is well recognized and has a great reputation for quality work and reliability.

Sales are split roughly 50-50 between plumbing and HVAC and average between $2.5 - $3.0 million annually.
The majority of work is repairs and maintenance as well as a profitable retrofit division.

The company works out of an owned 10,000 square foot office/shop with sheet metal fabrication shop, warehousing and offices on 2.57 acres of land. There is room for expansion of the building and parking lot. Currently there is a propane refueling station as most of the service trucks are dual fuel propane and gas.

The building is available for sale or lease back from current owners. Recent building valuation was for $2,150,000.00.

The owners, who split their work between management and sales, are looking to retire but willing to stay on for the transition period to new owners.

There is great opportunity to increase business with additional effort put into marketing the business and expanding the service area.

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Financials (USD)

Asking Price $1,156,772

Cash Flow $327,301

Sales $2,168,949

Converted From CAD

Exchange Rate $0.72

Deal Terms

Represented by broker? No

Buyer Fee? No

Seller Financing? No

Willing to co-broke? Available On Request

Principals only? No

Franchise? No

Management will stay? Yes

Relocatable? No

Real Estate? Yes

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