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Green Heating Systems
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Strong customer base and a 20% growth rate!Business Consulting Practice
Diverse services & clients! Seasoned staff!
Industrial Energy Business
Financials
Asking Price of Business: $600,000
Included in the Asking Price:
- Furniture, Fixtures & Equipment: $250,000
- Inventory: $100,000
Asking Price of Real Estate: $350,000
Cash Flow: $275,000
There is an addtional $40,000 cash flow from real estate rent add-back.
Annual Sales: $1,750,000
Summary Description
This well established and successful energy conservation business specializes in the insulation and jacketing of mechanical systems. It provides material and installation services for the full range of thermal, condensation control, protective jacketing, and personnel protection insulation applications. The company has extensive experience working in the industrial and commercial markets. It generally functions as a subcontractor to mechanical contractors. The company's impeccable reputation for quality workmanship enables it to receive contracts even when they do not submit the lowest price. This is an exceptional opportunity for a corporate or individual acquirer who wants to own a company dedicated to saving energy.
General Information
Year Established: 1977
Employees: 19 Full-Time
The real estate includes three buildings consisting of a 3,000 square foot office and warehouse, a 1,140 square foot warehouse with loft, and a two story 5,680 square foot warehouse on one acre of land. The real estate is available for acquisition.
Market Outlook
Competition & MarketBecause of the need for energy savings and conservation in manufacturing processes, the company's potential customer base is huge. There are over 27,000 manufacturers in New England, and over 18,000 in the company's primary market area. Many of these manufacturing facilities can benefit economically from proper thermal insulation of their processing and heating systems, condensation or acoustical control.
Growth & Expansion:
As energy costs continue to rise, conservation becomes more important to building owners and most manufacturing processes. The need for the company's services has never been greater, especially in New England where there are older manufacturing facilities. Significant additional revenue could be generated by pushing for more work in neighboring states and taking advantage of the company's favorable wage advantage.
About the Sale
Financing:
- Seller on Business: $400,000
- Bank on Real Estate: $275,000
- Down Payment: $275,000
- Working Capital Needed: $100,000
Support/Training: Owner will provide transition training for a new owner.
Reason for Sale: The seller is retiring after more than 30 successful years in business.
Contact Information
Lee Edwards
Maine Business Brokers Network
Phone: 207-775-1957
Lee@MaineBusinessBrokers.com
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“I appreciate that they [Maine Business Brokers] are just straight-shooters.”
Russ Turner
Seller, MaineLobsterDirect.com, Portland, Maine (November 2002 Sale)
