New Deals: An HVAC business, commercial kitchen equipment sales & repair business, and 3 other finds

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NEW DEALS

1/ Roofing & Construction Business

📍 Location: Florida
💰 Asking Price: $7,000,000
💼 EBITDA: $2,220,997
📊 Revenue: $5,301,410
📅 Established: 2017

💭 My 2 Cents: With both its ongoing construction boom and adverse weather (especially hurricanes), Florida is a premier locale for a roofing business. This Naples-based company has experienced rapid growth since its founding in 2017, with 2025 on pace to match or exceed 2024 numbers. I like their dual revenue streams with their mix of roofing and general construction projects, especially their unique edge in fabricating their own metal roof panels. This rare vertical integration drives higher margins, enables faster turnaround, and reduces dependency on third-party supply chains—all especially critical in hurricane-prone Florida where demand spikes after storms. I’d want to look into their earnings breakdown between roofing and general construction, if there are any client concentration risks (e.g. reliance on one GC or developer), current backlog and average job size, and how cyclical demand is (particularly on the roofing side). I’d also look closely at the structure and skill level of the crew (and whether they use subcontractors), how they manage estimating and scheduling, what equipment they own, cost per panel vs market pricing for their fabricated roofing, and, given the family members currently working in the business, what a realistic transition plan could look like. They’ve been able to generate an impressive level of earnings with zero marketing spend, so a new owner should be well-positioned to drive additional growth through a focused lead generation campaign.

2/ Full-Service Pool Business

📍 Location: Texas
💰 Asking Price: $2,500,000
💼 EBITDA: $765,137
📊 Revenue: $4,286,332
📅 Established: 1983

💭 My 2 Cents: This well-established company has been providing a full suite of pool and spa installation, repair, and maintenance services for more than 40 years. They currently maintain nearly 200 pools and also operate a retail storefront on a high-traffic road, selling supplies, parts, and backyard accessories. I’m a big fan of businesses like this with complementary offerings that bolster each other—here, the retail location helps drive future clients to the repair and maintenance arms (and vice versa). I also like their status as an authorized dealer for major pool and spa brands, while their ability to conduct computerized water analysis gives them a strong competitive advantage. I’d want to understand what % of revenue comes from each of their business lines and margins by line of business, their level of recurring and repeat revenue, if maintenance clients are residential, commercial, or HOA, how long maintenance clients typically stay, what seasonality in their cash flow looks like, how much inventory they hold and how fast does it turn, and who manages customer relationships and scheduling. While the installation and retail sides may be more vulnerable during economic downturns, their strong base of recurring maintenance contracts and repair work is largely recession-resistant.

3/ Shed & Garage Construction Business

📍 Location: Maine
💰 Asking Price: $3,190,000
💼 EBITDA: $840,000
📊 Revenue: $3,100,000
📅 Established: 1993

💭 My 2 Cents: Outdoor sheds and garages are essential in Maine, where many homes lack basements or useable attics to store snowblowers, ATVs, or seasonal gear. It‘s no surprise that this nicely profitable business has been in operation for over 30 years. Their ability to generate $840K in SDE from 9 employees in a specialized niche points to both their excellent local reputation and pricing power. I like their low operational complexity, high rates of repeat and referral business, and the $300K in inventory and $100K in FF&E included in the deal. I’d want to know how far out they are booked, how seasonal their demand is, and how they manage labor during off-peak months (are workers W2 or 1099?). I’d also look into average job size and gross margin on sheds vs, garages, whether they have favorable pricing or exclusive relationships with any suppliers, how they manage material cost swings (e.g. lumber), and how readily they could expand into adjacent markets or offer new product lines (e.g. tiny homes, workshops). This is a hands-on, owner-operated business, so it looks tailor-made for someone with a construction background.

4/ Commercial Kitchen Equipment Sales & Repair Business

📍 Location: New York
💰 Asking Price: $4,100,000
💼 EBITDA: $800,000
📊 Revenue: $4,000,000
📅 Established: 2011

💭 My 2 Cents: This business of over 40 years has carved out a lucrative niche in selling and repairing commercial kitchen equipment across the New York metro area. I really like how they provide a need-to-have service, especially for institutional customers like schools, hotels, and hospitals that can’t afford downtime. Adding to their consistent demand, New York is a huge market for commercial kitchen equipment, with countless restaurants opening and operating every month. The business notably comes with a large warehouse, fleet of service trucks, solid staff, and substantial inventory. I’d need to get a handle on their revenue breakdown between equipment sales vs. repairs vs. service contracts, which lines drive the highest gross margin, if they are dependent on a few major accounts, the mix of restaurants vs. institutions, if they have any ongoing contracts in place, how many techs are W2 vs. 1099, if they are an authorized dealer of service provider for specific equipment brands, and the condition and projected useful life of their fleet. Adding to the appeal of their strong client base is the seller’s willingness to stay on in a limited role, which can be helpful in retaining key client relationships and ensuring a smooth transition.

5/ HVAC Business

📍 Location: Florida
💰 Asking Price: $2,100,000
💼 EBITDA: $600,069
📊 Revenue: $6,706,885
📅 Established: 2006

💭 My 2 Cents: HVAC, one of the premier boring businesses, is now on everyone’s radar (so don’t delay if interested). This South Florida-based company operates two divisions serving both the private and government sectors. The construction arm, which accounts for over 80% of total revenue, focuses on new builds and mechanical retrofits, while the service division covers roughly 6,870 accounts with no overreliance on any single client. I like their government contracts, which are often large, recurring, and recession-resistant, their ability to manage multiple projects simultaneously, and the fact that they work with a range of general contractors, again indicating a low risk of concentration. I’d need to dig into their current backlog and pipeline, how they source new business and if bidding is involved (what’s the win rate?), if there are any licensing or bonding requirements specific to their government work, how challenging it is to find and keep skilled technicians, and how involved the owner is in day-to-day operations. While everything looks very promising, this company is a certified minority-owned subcontractor, so it’ll be important to understand the impact if a new owner does not have this or a similar status.