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Growing HVAC Commercial Sheet Metal Contractor

Bergen County, NJ

Seller Financing Available
Growing  HVAC Commercial Sheet Metal Contractor
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Asking Price: $2,200,000

Cash Flow: $770,241

Gross Revenue: $6,216,298

EBITDA: N/A

FF&E: $825,000

Inventory: $52,550

Rent: $16,000,000 /Month

Established: 1999

Growing HVAC Commercial Sheet Metal Contractor

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Business Description

The Company is involved with Heating, Ventilating and Air Conditioning Systems, Air Direct Construction, Budgeting and Estimating Services, HVAC Management, Value Engineering and Design, Mechanical Coordination and Consulting. Since inception the company has worked with General Contracting companies such as: Turner, Torcon, Structure Tone, Hunter Roberts, and many other high profile companies. They have done many successful projects for large companies at multiple locations. Past and current projects include; pharmaceuticals, colleges, office buildings, retail chains, warehouses, and schools throughout New Jersey and New York State, with experience managing contract amounts ranging from $10K to $4 million. Sales for the previous two years have been consistent. The company currently has a backlog of work in progress of approximately $9.2 Million that is included in the sale price. Their employee count ranges from 20-50, depending on their workload. The company is currently renting shop space in New Jersey, have approximately 8,000 square feet of space. This is made up of offices for estimating and drafting, as well as their Fabrication Shop and outside storage for their delivery trucks. The Draftsmen use industry specific CAD software to design the projects and submit to the fully automated shop. The Shop is equipped with a full coil line, plasma cutter, roll formers, brakes, welders and all necessary small tools to fabricate just about anything. They have recently entered the New York market and are in the process of obtaining additional lease space to grow there.The estimated current market value of their machinery, equipment and vehicles is $600k (included with the sale).

Detailed Information

Location:
Bergen County, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
8,000
Lease Expiration:
N/A
Employees:
23
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Company is located easily accessible to all major highways. Ample parking is available.
Competition:
Company has cutting edge technology that provides them a competitive edge. Competition is present, however this company's reputation for quality work stands it apart from it's competitors.
Growth & Expansion:
They have just entered the New York market, due to a heavy demand for their services. They are currently working on new Acquisition business and are in the process of obtaining lease space to help them establish another location to better grow their market share.
Support & Training:
owner will consider staying on after transitionary period.
Reason for Selling:
Retirement
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Joe Coculo

Business Listed By:
Joe Coculo

Synergy Business Brokers

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Sponsoring Broker:
Blake Taylor

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