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  • Harvest Business Associates

Commercial Fabrication/Insulation HVAC Contractor with $2.35M Backlog



This firmly established (28 years) Commercial and Industrial Insulation Company is highly profitable and well-suited for growth and expansion. Based in the greater Baltimore-Washington area, the company is renowned for both its outstanding service and the quality of the insulation work the firm provides. Buyer will acquire a strong local presence with solid customer list.

Key features of the business:

  • Committed backlog report for all un-billed jobs as of August, 31 2023 is $2,355,148.

  • Strong gross profit margin averaging 46.6 percent

  • Good relationships with clients and a high number of jobs from repeat customers

  • Growth industry in a fast-growing geographic region

  • Seller who is willing to train and assist the buyer with a smooth transition

  • All operational procedures established


ASKING PRICE: $1,700,000


Insulation Company

2023 Jan-Aug

2022*

2021*

2020*

2019

2018

2017

Revenue

$2,077,720

$1,863,078

$2,009,313

$2,025,763

$3,312,960

$2,611,141

$2,897,438

Cost of Goods Sold

$1,040,662

$1,001,856

$1,127,544

$1,397,790

$1,998,777

$1,615,125

$1,643,126

Gross Profit

$1,037,058

$861,222

$881,769

$627,973

$1,314,183

$996,118

$1,254,312

Gross Profit Percentage

50%

46%

44%

31%

40%

38%

43%

Seller’s Discretionary Earnings

$546,000

$129,000

$215,756

($68,688)

$462,216

$276,809

$608,615

*Years the business was impacted by COVID

Please contact Richard Stopa (RStopa@HarvestBusiness.com) at 703.307.1187 to discuss this business in more detail.


Click here for a Non-Disclosure Agreement and Finance Document.

NDA-and-Finance-Document_180526INSU
.pdf
Download PDF • 397KB



Open with Adobe Reader, use their Fill and Sign Feature to complete and electronically sign the document, then return to RStopa@HarvestBusiness.com


We will then be able to discuss financial details and other confidential information about the business with you.



Disclosure: We have relied on information provided and approved by seller and make no additional representations or warranties. Buyers should review with their advisors as needed.


 

Clients choose Harvest Business Advisors for our sage advice on profitably growing their business, accurate business valuations, and when the time is right, a consistent ability to deliver a high price as part of a smooth exit transaction. Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services.


We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.

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