Plumbing Service Business for Sale in the Greater Toronto Area

Listing ID:
TORONCT001-N10

Confidential, Ontario, Canada

Plumbing, Heating, and Air-Conditioning Contractors

Listing Status: Active

Sunbelt of Toronto Center

Phone: 416-360-0404
Fax: 1-866-643-3154

The following broker is assigned to this listing:

Jack Elias

jack.elias@sunbeltnetwork.com

Description

This large, long established and highly profitable plumbing contractor specialises in the service segment of the business, servicing the Greater Toronto and surrounding areas. As a large and well-respected competitor in the plumbing services business, this would be an excellent opportunity for acquisition by a corporation looking to enter this market, or for someone already in this market looking to improve their market share. With services revenue of about $16 million last year, and an average of the last three years’ adjusted EBITDA from the service business of about $1.7 million, this business can be expected to contribute significant value to the acquirer. This business is being offered as a share sale. Other aspects of this attractive business are: • The business provides both standard plumbing and HVAC services, mostly in the residential market, but also with activity in both commercial and retail markets. • Sale includes working capital of $2,000,000. • Also included are inventory with an approximate value of $325,000, as well as vehicles (about 60) and equipment with an approximate value of $550,000. • Total number of employees is approximately 72. • Non-Union shop.

Financials

Asking Price:$9,800,000
Revenue:$13,830,000
Cash Flow:$1,850,000
Downpayment:$0
Monthly Payroll:$0
FF&E Asking Price:N/A (Included in Asking Price)
Inventory Asking Price: N/A (Included in Asking Price)
Financing Available?Yes

Property

Type:Leased
Building Size:13000 sq ft

Other

Franchise?No
Homebased?No
Relocatable?No
Year Established:1989
Year Acquired:1989
Full-Time Employees:72
Part-Time Employees:N/A
Reason For Sale: