Annual Figures 2023:
– Gross Sales: $5,900,000
– Net Profit: $1,200,000
Expenses 2023:
– COGS: $1,514,968
– Salaries & Wages: $2,105,360
– 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
