Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Four-Generation Commercial Boiler Company San Francisco CA For Sale

San Francisco, California - North, US
Asking Price:
On request Furniture / Fixtures included
Sales Revenue:
On request
Cash Flow:
On request

We are an established commercial boiler company working almost exclusively in San Francisco for over 50 years. We specialize in servicing, repairing and installing commercial boilers for various property management companies and building owners. This includes steam, hydronic, and domestic hot water systems. We have established maintenance contracts and test hundreds of backflow prevention devices annually. We currently hold C-4, C-36 licenses and employ 2 certified backflow testers.

This business includes 6 well used but well maintained work trucks, large inventory of power/specialty tools and equipment. We also have electrical, plumbing, insulation, sheet metal (flue) stock and repair parts for the equipment we install and service.
Included is all commercial grade shelving, large work bench and office equipment.

The company leases a large shop with two offices (approx. 2900 sq' - not including loft area)
in a mixed residential/commercially zoned area of the Mission District, close to the freeway and main streets, making it an ideal base of operations for work throughout the city.
Five trucks can be parked inside and one vehicle outside behind a large gate.

The property owners are willing to continue the lease agreement or entertain offers to buy this commercial property.

The two owners of this C-Corp are looking to retire by next year and sell this profitable business to a QUALIFIED motivated Buyer. Interested parties MUST possess a C-4 license.
Based on annual gross income, the company has been valued at $800,000 but owners are willing to negotiate. Financials can be provided upon request with signed NDA.

This is an excellent opportunity for an existing local licensed C-4 contractor to expand their business and customer base.

Property Information

Real Estate:

Lease

Leasehold Rent:

4200/ month per annum

Location:

Mission District, one block off South Van Ness, two blocks from I-80 freeway entrance

Premises Details:

Large commercial shop with two offices/bathrooms. Open bay holds 5 trucks with room outside to park one (behind locked gate) Approximately 29,000 sq ft - not including large loft area.

Size in square feet:
Aprox 2900 sq ft- not including large loft area's.

Business Operation

Expansion Potential:

Expansion is limited only by the number of experienced boiler technicians and backflow testers you employ. We currently have 3 technicians and can barely keep up with our work load. Our management companies/building owners are sometimes willing to wait several weeks for us to provide major service/ installation projects at their properties. We do prioritize emergency outages for our established accounts, which requires some rescheduling of other routine services.

Competition / Market:

There are numerous C-4 contractors in and around San Francisco that do boiler work in the city. Many of these contractors are union, which limits their ability to compete with non-union shops doing our specialty work. Other companies don't possess the mechanical experience that we do. Their work is often substandard. Our company is well established with a great reputation. We are very competitive with our PTO and B/F testing rates because we input that info directly into the city's data systems. Other companies drop off their paperwork off to these departments and are charged much more $ by the city.

Reasons for selling:

The 2 owners, company CFO and shop foreman have worked at this company for 30/40 years respectively. Both have reached/surpassed retirement age and wish to retire. The next generation of family are not interested in taking over/running the business.
We would like to see the founders name continue to operate in San Francisco

Trading hours:

Shop opens, 7am. Technicians dispatched by 8am. Shop closes at 4pm. However, on large contract days or special installations, mechanics may remain in the field until a new system is on line. Usually between 5-6pm.

Employees:
2 Office personnel, 5 shop/field Techs
Years established:
Aprox 1975

Other Information

Support & training:

Most training is "In House" led by shop Foreman (40 + years experience) Past employees have come with some experience in the trade. We send (and pay for) our employees to Backflow certification training.
Distributers put on free seminars for technicians to discuss various topics such as new boiler technology, pumps, etc

Financing available:

SBA

Furniture / Fixtures value:
$50,000 - included in the asking price
Relocatable:
This business can be relocated