MergerPlace

Leading Michigan Plumbing & HVAC Company

Alpena, Michigan


  • Asking Price: $3,000,000
  • Gross Income: $4,750,000
  • Cash Flow: $984,580
  • Real Estate: $850,000
  • Inventory: $163,222
  • FF&E: $1,000,000
  • Listing ID: #222570
  • Established: 1959
  • Employees: 21

Business Description

This business is a highly profitable plumbing and HVAC business located in a small, Northern Lower Peninsula city. The 60+ years established, family-owned company is a dealer, installer, and service provider of plumbing and heating, ventilation, and air conditioning (HVAC) systems and equipment.

The company’s customer base consists of loyal commercial, residential, industrial, and institutional customers. The business sells and installs furnaces, air conditioners, boilers, stoves, fireplaces, sinks, faucets, toilets, and other related HVAC systems.

The licensed and professional staff including refrigeration experts, journeyman plumbers, and accredited mechanical contractors provides reliable service. Products and services are backed by preventative maintenance and extended warranties.

As an essential service provider, the Company remained open during the COVID-19 shutdowns with essential commercial and institutional work. Business has been booming as things have opened back up.

Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency. You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the email cannot be found please email info@caldergr.com.

Once we receive your NDA and answers to some basic questions the Confidential Information Memorandum (CIM) will be sent to you from the project manager.

IF YOU DO NOT RECEIVE A FOLLOW UP EMAIL AFTER YOU SUBMIT YOUR NDA, PLEASE CHECK YOUR JUNK MAIL FIRST. If you do not see the email there, please email info@caldergr.com for support. Thank you in advance!


Business Details

Primary Business Category: Construction - Building, Developing
Location: Michigan
Metropolitan Area: Alpena

Company Information

Year Established: 1959
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 21

Financial Information

Asking Price: $3,000,000
Gross Revenue: $4,750,000
Cash Flow: $984,580
EBITDA: $984,580
FF&E: $1,000,000
Inventory: $163,222
Real Estate: $850,000
Seller Financing Available: Yes

Property Information

Facilities:

8,400 sq. ft. office and showroom for administrative operations and to display products and 20,000 sq. ft. warehouse and sheet metal fabrication shop.

Growth & expansion opportunities:

(1) Introduce Innovative Hiring Methods
 (2) Favorable Long-term Industry Trend 
(3) Bolt-on Acquisitions

Competition:

Investment Highlights Include: (1) Well-Established Company with Loyal Customers
 (2) Full-Service Capabilities & Limited Competition
 (3) Highly Skilled Staff with Low Turnover 
(4) Recession Resistant

Reason for selling:

Retirement.

Support & Training:

Ownership is interested in staying with the business post-sale. Ownership will provide reasonable and customary transition assistance.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Max Friar

Calder Capital, LLC