$1.5m Rev/~300k SDE North Carolina HVAC + Mechanical Contractor

North Carolina HVAC + Mechanical Contractor — Multi-State Licensed, Government-Approved - HVAC, mechanical, sheet metal fabrication, government contracts - Charlotte NC base; licensed in NC, SC, WV, VA, TN - ~$1.5M revenue, growing - Estimated normalized EBITDA: ~$250–400K (Q-of-E pending) - 60% commercial / 40% residential; no customer concentration - 6 employees; owner on estimating and pricing - Sole owner, age 55, retirement-motivated - Asking $2.5–$3M for everything - Owns building, vans, sheet metal equipment - ~$200K revolving working capital debt; no long-term debt - 12–18 month timeline - Owner willing to stay up to 5 years to bridge licensing and acquire additional state licenses for buyer Why it's interesting: - Multi-state licensing at this size is rare; meaningful Southeast growth runway - Government contract authorization is a durable, sticky revenue lane - 5-year owner stay-on materially de-risks the licensing transition that typically trips up HVAC deals - Clean balance sheet, no long-term debt - SBA-friendly structure available Flags: owner reported a 46–48% margin which is likely gross margin, not EBITDA — Q-of-E required. Owner holds the licensure (5-year stay-on bridges this). 60% commercial means project-based revenue exposure. Potential fit: SBA-funded searcher with HVAC/mechanical thesis, self-funded buyer in the Carolinas, regional commercial mechanical operator seeking licensure expansion. If interested, email us directly: redacted We are a buy side originator so we'll expect market rate buy side compensation.