HVAC, Hydronics, Plumbing & Mechanical Contractor - Luxury Resort

CO

Buffer Tanks and Standard Pumps
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Asking Price: $2,000,000

Cash Flow: $529,000

Gross Revenue: $3,158,270

EBITDA: $378,992

FF&E: $69,099

Inventory: $231,930

Rent: $5,275 /Month

Established: 1994

HVAC, Hydronics, Plumbing & Mechanical Contractor - Luxury Resort

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Business Description

Owns the market - top luxury resort destination in Colorado

This highly profitable construction company "owns" a high-end destination resort market in the Rocky Mountains with high net worth and ultra-high net worth clients. Having been in business for 25 years, a buyer isn't just buying a company, they are buying the top provider of HVAC services in one of the most lucrative, wealthy markets in the United States.

Revenue = $3,158,270
Cashflow = $529,000
Net Profit = $378,992

This company will generate nearly $20M in revenue over the next 5 years with over $2.6M in net profit. In the last quarter they received approval on a $398K change order and were awarded two new projects - one valued at $464,207 and another valued at $455,892. In 2020 they will be the HVAC contractor assigned to a job worth over $100M to an ultra-high net worth family. All of this without any marketing or advertising. If a new owner were to focus on prospecting the potential is much greater.

The owner has been very successful, but is ready to start transitioning the company to a new owner. The current owner is willing to stay on to help manage and grow the company provided there’s a reasonable transition plan in place. The existing leadership has been content keeping the team at around 20 people, but the potential for growth is strong. The right buyer can grow the company by 40% (the business plan is already in place) to increase revenue by 30% or more. This can be done immediately within the existing office space. The business is in need of an owner that is ready to focus on growth, capitalizing on the business' dominance over the market, and expansion.

One of the unique aspects of this business? The clients. They are extremely wealthy which makes them a) unafraid to spend money, b) great payers, and c) fantastic repeat customers. The supporting client base protects the business from recessions, as the business is located in one of the wealthiest areas of the country. The company tackles residential and commercial jobs, but because the area is a destination resort the company is more insulated from bad payers. As an example, one of their clients has an $80M art collection. That's just the art...

The town and commercial customers view this company as the go-to contractor in the area providing a virtually endless amount of services work. Plus, the market is poised for continued growth. Additional details, market research, and projections can be provided under an NDA.

“Hydronic Systems global market expected to grow at CAGR 7.14% through 2022” WiseGuy Reports

Ideal buyers of this business:
- Companies that are looking to expand their presence through a strategic acquisition in one of the wealthiest destination resort markets in the United States
- Companies that would like to add the HVAC/Plumbing/Mechanical disciplines to their portfolio
- Individuals that have done construction and are looking to take control of their own destiny & run their own company realizing that buying a business with existing revenue is safer than starting from scratch
- Anyone looking to buy a solid, strong business with a recurring revenue stream in the construction space
- Individuals with construction experience wanting to run a lifestyle business in a ski town (have fun and make money)

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
N/A
Employees:
22
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The company is centrally located in the center of town giving them a strong competitive advantage. The building lease is transferable with the sale of the business. In terms of assets, the company has over 10 trucks, a snow plow, and the most superior HVAC and plumbing equipment in the area. This includes Big Brute Sewer Jet & attachments, an electric sewer jet, a spartan drain camera, Hilti equipment including core drills, hammer drills, gas & powder actuated fasteners, etc. This company has, hands down, the best equipment in the area.
Competition:
This company is the market leader for the entire area. They have the best reputation in the area, the best tools, and the most knowledgeable staff. Often times they pick up new business after a competitor wasn't able to get the job done which only furthers their strong reputation in the community. The market itself is a very wealthy, lucrative market. The area is more naturally insulated from recession as a result. This company is the market leader for the area and the go-to HVAC/Plumbing/Mechanical provider for commercial and residential customers.
Growth & Expansion:
Keep in mind the current owner has been happy with the company's current size. Right now they turn away, on average, one new job per day. There is more work available than their staff can handle. Growth of this business is simple. Simply hire more people, say yes to more jobs, and increase revenue. More specifically, a) hire more staff and b) run advertising campaigns. The company's growth has all been without advertising or marketing. There is an opportunity for a new owner to get more aggressive about growth of the business.
Financing:
Our firm can assist with financing for qualified buyers
Support & Training:
The owner is prepared to offer support & training to the new owners as part of the transition plan. This could happen quickly or over a period of time. The owner has detailed processes and documentation used to manage the business making the transition process easier than typical HVAC companies.
Reason for Selling:
The owner is getting close to retirement and wants to effect a smooth transition
Franchise:
This business is an established franchise
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Business Listed By:
Bart Rupert

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