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Full-Service HVAC Contractor
A Central Wisconsin HVAC contractor doing $1.3M across residential and commercial work at 20% net margins with a lean four-person crew.
Business Highlights
- Two service technicians and two installers covering commercial and residential work
- Boilers, rooftop units, in-floor heating, kitchen exhaust and grease duct
- Furnace and air conditioning change-outs make up about half of revenue
- Professional third-party valuation already completed
- 20% net margins
Considerations / Questions to Ask
- Four people carry the whole operation. Losing one technician is a quarter of capacity.
- Who holds the HVAC licences, and do they stay?
- What share of revenue is recurring service versus one-off installs?
- The owner wants discretion and continuity for customers. Expect a relationship-led process.
- What vehicles and equipment are included?
Opportunities
- Wisconsin winters make heating work essential and recurring
- Maintenance agreements are an obvious recurring line to add
- Commercial kitchen exhaust work is specialised and harder to compete for
- An existing valuation shortens diligence