GENERATIONAL EQUITY

Water Heater Installation, Repair, & Maintenance Company #69091 Sign NDA ► Location Western US 2025 Est. Revenue $1,700,000 2025 Est. EBITDA $309,000 DISCLAIMER: All information contained in this document has been provided by the subject company to Generational Equity and while believed to be correct has not been verified. Accordingly, Generational Equity makes no representations or warranties as to the accuracy and truthfulness of such informati on. The recipient hereof acknowledges that Generational Equity shall not be liable for any loss or injury suffered by said recipient in any way connected to the deliver y by Generational Equity of this document. At all times Generational Equity and its affiliate network members is an agent for the seller and not for the buyer. Generational Equity's fees are paid by the seller. Erik Records Senior M&A Advisor Email: erecords@generational.com Office: 949-444-3863 Generational Equity, LLC 3400 N. Central Expressway, Ste. 100 Richardson, TX 75080 Fax: 972-392-8564 BUSINESS HIGHLIGHTS The Company is a residen al and commercial service provider specializing in the installa on, repair, and maintenance of water hea ng systems. The Company focuses on three primary types of systems: tradi onal tank water heaters, tankless water heaters, and heat pump water heaters. The Company handles both emergency replacements and scheduled service calls. Its opera ons are built around a responsive, technician-driven service model that emphasizes customer sa sfac on, reliability, and value. The Company serves a broad customer base including homeowners, property managers, and commercial clients, and is known for its integrity and straigh orward approach in a market o en marked by aggressive pricing and upselling. INVESTMENT APPEAL • Strong Local Brand and Market Presence: The Company serves a 30-mile radius around its headquarters with over 25,000 customers and 23 years of s cker branding on water heaters. • Long-Standing Property Management Rela onships: The Company receives consistent job flow from 8–9 property management firms. The Company's top five clients have each been working with the Company for a minimum of ten years. • Brand-name Products: The Company represents many of the leading manufacturers in the industry, offering flexibility and credibility. • Customer-First Sales Approach: The Company uses a transparent, consulta ve process focused on educa on and value rather than price alone. Further, the Company is posi oned between big-box and premium providers, offering be er value and honest service. • Recurring Revenue From Maintenance Plans: The Company maintains over 300 customers on tankless flushing agreements, genera ng approximately $180K annually. • Rising Gross Profit Trend: Throughout the historical period, gross profit increased from 49.0% of sales in 2022 to 51.6% of sales by the end of 2024. INVESTMENT BANK OF THE YEAR 2016 - 2017 - 2018 - 2022 Erik Records is a California Real Estate Salesperson, Lic. 01163105, with ECR Brokers, an authorized Generational Affiliate.

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