- Harvest Business Associates
Commercial Fabrication/Insulation HVAC Contractor with $2.76M Backlog
Updated: Feb 12
This firmly established (26 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 December 31, 2021 is $2,764,930.
Strong gross profit margin averaging 44 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
As of December 31, 2021 the company had bid on $38,300,000 worth of new work
ASKING PRICE: $1,500,000
Insulation Company | 2021* | 2020 | 2019 | 2018 | 2017 |
Revenue | $2,009,313 | $2,025,763 | $3,312,960 | $2,611,141 | $2,897,438 |
Cost of Goods Sold | $1,127,544 | $1,397,790 | $1,998,777 | $1,615,125 | $1,643,126 |
Gross Profit | $881,769 | $627,973 | $1,314,183 | $996,118 | $1,254,312 |
Gross Profit Percentage | 44% | 31% | 40% | 38% | 43% |
Seller’s Discretionary Earnings | $215,756 | ($68,688) | $462,216 | $276,809 | $608,615 |
*These numbers re preliminary and subject to final adjustments
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.