Similar businesses sell at 1.1x to 4.2x SDE. Compare live listings and connect with sellers.
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8-year-old HVAC business located in Northwest Indiana with a 4.9-star Google rating and 5.0-star Facebook rating. Year over year revenue and profit growth have followed their business model primarily focused on Residential and Light Commercial HVAC Replacement, Installation and Repair. They have a substantial number of clients on installation labor contracts with spring and fall tune-ups, which leads to additional service work. 98% residential No refrigeration No new construction
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35-year-old residential heating and air company serving Northern Indiana and Southern Michigan. 35-year track record of providing quality service to long term customers. Well trained staff in place. The business currently has 80 active maintenance agreements in place and has completed 204 HVAC system change-outs over the past 12 months. Approximately 95% of revenue is generated from residential customers, with little to no refrigeration work performed. Less than 10% of the company's revenue is derived from new construction projects, resulting in a business model that is primarily focused on service, repair, and replacement work. The company primarily offers equipment from Amana and Rinnai and maintains a database of more than 3,100 active customers. Included in the sale is approximately $40,000 of inventory. Financial records are maintained using QuickBooks, and payroll administration is outsourced through ADP. The business does not currently utilize a CRM system, presenting an opportunity for operational enhancements and customer relationship management improvements. Additionally, there are no pending lawsuits or workers' compensation claims, providing buyers with confidence in the company's legal and operational standing.
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High-Margin, Multi-Revenue Stream Business with Strong Cash Flow This opportunity represents the acquisition of a well-established pool construction, service, and retail company that has operated in the region for over 60 years. The business operates from two leased locations in Indiana, and serves a broad regional customer base with a full suite of pool-related products and services. The company’s revenue model is diversified across four primary categories: fiberglass pool installation, recurring seasonal and contracted service, repair and upgrade work, and retail sales of chemicals, parts, and accessories. This structure creates multiple customer touchpoints and supports consistent repeat business beyond the initial installation. To date, the business has installed more than 1,500 pools and maintains approximately 1,000 recurring service customers, providing a strong foundation for ongoing revenue generation and future growth. The company has demonstrated consistent growth and improving profitability, with revenue increasing from approximately $2.38M in 2023 to approximately $2.85M in 2025, while Seller’s Discretionary Earnings nearly doubled over the same period. Operations are supported by an experienced team, including a construction lead, service technicians, and retail staff, with additional seasonal labor during peak months. The business is structured to operate day-to-day with limited dependence on the current owners, who are willing to provide transition support post-sale. The company benefits from strong local brand recognition as the longest-operating pool business in the region, as well as favorable industry dynamics where demand for installations is reported to exceed current capacity.
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No other remodeling company in all of the Michiana area can boast 5 stars with 24 or more reviews. The results speak for themselves. So Why risk your name, your reputation or your money on considering anything less....? Soon to pass the critical 5 year franchise benchmark, this business has a 94% success probability. This Turn-Key offers the biggest bang for the buck with the lowest possible risk for a business buyer, investor, PE. Profitable with a postive growth trajectory positioned for the long-term. A premier kitchen and bathroom remodeling company serving the Michiana region, including South Bend, Mishawaka, Granger, Elkhart, and Osceola. Locally owned and operated. The company specializes in custom kitchen renovations, cabinet refacing, bathroom upgrades, and comprehensive design-to-installation services tailored to meet the unique needs and budgets of homeowners seeking to modernize or personalize their living spaces. As part of the nationally recognized franchise—boasting over 40 years of industry experience and 48 locations nationwide—the South Bend location benefits from a proven business model, robust vendor partnerships, and extensive marketing support. This affiliation allows the company to combine deep local market knowledge with the resources and credibility of a trusted national brand. the company has consistently ranked among the Top 10 sales leaders within the franchise network and was honored with the “New Franchise of the Year” award in 2021.The company’s strategic advantage lies in its consultative approach, high-quality craftsmanship, and commitment to delivering a “pleasant remodeling experience.” These values have helped build lasting relationships with clients and drive ongoing growth through referrals and repeat business.
National transaction benchmarks for building and construction business businesses.
Under $500K
$500K to $2M
Over $2M
A variety of factors can cause businesses to trade outside this range, including earnings quality, operational transferability, key-person risk, growth trajectory, and geography, so a listing priced above or below the typical multiple usually reflects real differences in the underlying business.
Cofounder & CEO
Key diligence, valuation, financing, and transition considerations for buyers evaluating building and construction business acquisitions.
Signed contracts, change-order patterns, and bonding capacity tell you what you're really buying; a big trailing year with an empty pipeline is a trap, and bonding is often tied to the owner personally.
Many trades require a licensed qualifier that may leave with the seller. Verify what you must hold before you can legally operate.
A plumbing or HVAC company with a service-and-maintenance base is worth far more than one living on new-construction bids — service agreements generate steady recurring revenue and replacement leads.
Receivables, retainage, and work-in-process tie up real cash between billing and collection; establish the need and whether it's in the deal.
The estimator, project managers, and lead crews carry the business. Identify the key people, their pay, and retention after close.
Trucks, heavy equipment, and related-party rent distort earnings. Tour the fleet, check deferred maintenance, and stress the discretionary earnings.
Answers to common buyer questions for this market.
