Riverside, CA (Riverside County)

Ad#: 1835707 
Added: 03/23/21

Business Thrived During COVID. The Company Has Grown 6% YOY 30yrs Straight!

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BUSINESS SUMMARY:

Founded in 1992, this 30 year old Company is a full service general
and mechanical contractor specializing in industrial, institutional, and HVAC piping within Southern California.

The Company has grown steadily over the past nearly three decades from
an owner operator business to a company with 15 service vehicles, a 44-person work force, and $14.21M in annual sales.

The Company possesses a diversified portfolio of commercial, industrial and institutional clients. The Company has a reputation within the industry for quality workmanship which renders the majority of their new business from referrals.

FINANCIALS:

2018 Revenue: $11.82M
2018 Adjusted EBITDA: $894K

2019 Revenue: $13.37M
2019 Adjusted EBITDA: $902K

2020 Revenue: $14.15M
2020 Adjusted EBITDA: $1.71M

Detailed Information:

Location:
Riverside, CA

Employees:
44

Facilities:
The Company is managed from its headquarters in Southern California and boasts a 7,000 sq ft facility which contains an in-house fabrication shop and an additional 4,000 sq ft storage yard.

Support & Training:
The Seller is proud of the business they've built. Their primary goal is to make sure the new Buyer is successful. Hence, they will stay on as long as the Buyer needs them.

Reason for Selling:
Retirement