This is a specialized installation and service back-up generator business that has been a leader in its niche for over 16 years, specializing in working with primary home owners and cottage properties in Southern Ontario.
The company is an approved dealer for some of the leading generator brands and provides regular maintenance as well as installation for their products. About 70% of the work the company does is with residential clients and the business services approximately 1,700 generators per year which provides a strong recurring revenue base. Recurring service revenue accounts for approximately 46% of total annual revenues.
The business has a great team of technicians and electricians who are performing the field work while the owner is involved primarily in overseeing the operations and in business development.
The business represents an excellent add-on or a platform acquisition to build up for an existing HVAC or mechanical business that wants to add this niche service to its offerings. This is also a great opportunity for an owner operator with experience in the electrical or HVAC industries.
Proper training and transition will be provided, with a possibility for a longer-term involvement, depending on responsibilities and compensation. To arrive at EBITDA a Fair Market Salary to substitute the current owner operator involvement is estimated at $90,000.
Price expectations are in 5-6 x Normalized Historic EBITDA.
Revenue (2017): $ 1,620,000
Normalized SDE (2017): $ 349,000
Normalized EBITDA (2017): $ 259,000
Inventory (2017):$ 73,000
Capital Assets (2017 Book Value): $ 26,000
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