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Building & Construction · Providence, RI

Recurring Revenue Boiler and Water Heater Rental Business in Providence County, RI

Main Street

$1,495,000

Asking price
$1.5M

40% below median ($2.47M)

Cash flow (SDE)
$461K

33% below median ($686K)

Revenue
$1.66M

65% below median ($4.8M)

Multiple
3.2×

6% below median (3.5×)

Margin
28%

8 pts above median (20%)

About this business

This well-established business specializes in renting out water heaters and boilers, primarily to homeowners and small commercial clients in New England. With a focus on strong customer relationships and low delinquency rates, it has carved out a unique market niche with limited competition in the region.

  • Established since 1977
  • Significant recurring revenue model
  • Strong customer retention
  • Semi-absentee ownership structure
  • Training offered for new owner

Business details

Category
Building & Construction
Business type
Main Street
Location
Providence, Rhode Island
Year established
1977
Employees
3
FF&E
$50,000
Reason for selling
Strategic Exit
Listing ID
1931

Listing history

  1. Listed · Oct 24, 2026

    Asking $1,495,000

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