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Lucrative Mechanical Contracting Business for Sale.

Providence area, Rhode Island (Providence County)

Services - Miscellaneous Repair | Mfg. - Fabricated Metal Products

Asking Price $2,475,000 Inventory  
Gross Income $1,855,721 Real Estate $250,000* 
Cash Flow $584,387 Year Established 1986
FF&E $200,000* Employees 9

* included in the asking price

** not included in the asking price

Almost all their work is commercial or for contractors. They do heating, ventilating, air conditioning, refrigeration and other work. They build, install and maintain the equipment. The owner manages the employees and does sales and estimates. He is hands on. The buyer can run the business almost absentee for the 1st 4 to 5 years and take $200,000 a year after paying the note. Or he can work with the seller as the sales/estimator (or hire this person) and grow the business quickly. They are closed on weekends. Sales have been steady the last 4 years. They have mor work than they can bid on.

Facilities: The property is .15 acre. The building is approx. 4,000 square feet. The office is 1,000 sq. ft. and the shop 3,000. They have a sheet metal shop in-house with applicable equipment. There are 7 service trucks and a fork-lift included.

Competition: Plenty of competition. But they manufacture equipmet as well as install and maintain it.

Growth/Expansion: The seller will stay and manage the business. An outside salesman/estimator is the quickest way to grow the business.

Financing: SBA Financing

Support/Training: Seller will train and wants to STAY at least 5 years!

Reason Selling: Planning for retirement.

AD # 347112

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