📢 Deal Alert - A commercial HVAC company with 27% margins!

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-Harry & Carter

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🧩SMB Trivia: What is the average time it takes to sell a small business in the U.S.?
(Answer at bottom of newsletter)

Table of Contents

• Commercial HVAC Company

• Property Management Company

• Plumbing Business

1. Commercial HVAC Company

• Location: Salt Lake City, UT

• Asking Price: $4,000,000

• EBITDA: $1,233,848

• Multiple: 3.4x

• Revenue: $4,785,236

• EBITDA Margin: 27% 

• Employees: 4

• List Date: 9/4/24 

• Reason for selling: Retirement

💬Harry & Carter’s thoughts:

This commercial HVAC company, established over 25 years ago, has a history of strong margins and consistent profitability. Salt Lake City is a fast-growing urban area, which should provide a strong tailwind for commercial HVAC services. The company has generated a net cash flow exceeding $800,000 as of June 2024.

• Inventory: $415,000

• Owner willing to train for 4-weeks

• 27% margins

❓️What does the local competition look like?
❓️Is the business scalable with more employees?
❓️What is the owner’s role in the business?

Inquire:

Link to listing here

Broker: GlobalBX.com

Contact: N/A

2. Property Management Company

• Location: Rhode Island

• Asking Price: $1,100,000

• EBITDA: $298,094

• Multiple: 3.4x

• Revenue: $930,459

• EBITDA Margin: 35% 

• Employees: 10 Full Time

• List Date: 9/1/24 

• Reason for selling: Retirement

💬Harry & Carter’s thoughts:

This Rhode Island based company is a full-service property management business. Services include tenant management, rent collection, maintenance & repairs, property inspections and legal compliance. By offering these services, this property management company has allowed property owners to be hands-off while ensuring their property is well-maintained.

• Broad range of services

• Year-round demand for services

• 15 years of operations

❓️What is the average customer ticket size?
❓️What is the owner’s involvement in day-to-day operations?
❓️What does the competitive landscape look like?

Inquire:

Link to listing here

Broker: Arthur Rosaki

Contact: (401) 831-4428

3. Plumbing Business

• Location: Austin, TX

• Asking Price: $2,400,000

• EBITDA: $746,015

• Multiple: 3.2x

• Revenue: $2,191,351

• EBITDA Margin: 35%

• Employees: 10

• List Date: 8/30/24 

• Reason for selling: Retirement

💬Harry & Carter’s thoughts:

This plumbing business was originally founded in College Station in 1947. In 1985, the third generation of the owner's family expanded operations to Austin. Today, it primarily serves central Austin homeowners, specializing in kitchen and bath plumbing solutions.

• Monthly rent: $4,500

• Does not actively advertise

• Established in 1947

❓️Who are the biggest competitors?
❓️What are the owners’ roles in the day-to-day operations?
❓️What FF&E exists and is it included in the asking price?

Inquire:

Link to listing here

Broker: John McCleary

Contact: (737) 228-3048

Thanks for reading and don’t hesitate to reach out! - Harry & Carter

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