LISTING UNDER CONTRACT

40 year old HVAC and Electric Company For Sale

Middlesex County, MA

hvac and electric company for sale in middlesex county, ma

Asking Price: $5,999,999

Opportunity Highlights

Annual Figures 2023:

- Gross Sales: $5,900,000

- Net Profit: $1,200,000

Expenses 2023:

- COGS: $1,514,968

- Salaries & Wages: $2,105,360

business overview

- HVAC & Electrical Contractor

- Located in Middlesex County, MA

- Company started over 40 years ago

- 30 employees - All W-2's, doesn't use many subs

- Owner is there 5 days a week but the business can run by itself

- Breakdown of employees available upon request

- Not a lot of employee turnover. There is a key man in the business.

- 90% residential 10% commercial

- Roughly 500K in assets coming with the business

- 3 licenses with the business

- Service area: Middlesex and Hillsborough county

- Breakdown of revenue available upon request

- Jobs come from Google, different platforms, and a lot of word of mouth because of how long the company has been around

- Not many new construction jobs

- Backlog normally about a month out to make sure they can service the clients properly

- No customer concentration

- Leases office space

- Seller note could be available based on the rest of the offer

- Approved up to $4,600,000 with SBA. Pre-Approval in financials link.

- 60-90 transition then can be available on a consultant basis

- Reason for selling: Owner had a plan to sell at some point and he feels this is the right time

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