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

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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.

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