Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Long Established Profitable Hvac And Plumbing Company For Sale

Moore County, North Carolina, US
Asking Price:
$1,250,000 Inventory / Stock included
Sales Revenue:
$4,035,000
Cash Flow:
$334,000

Owner is ready to retire and will work with a buyer for a seamless transition. This company has been the go-to enterprise for over 70 years for HVAC (60%) and plumbing (40%) needs in the area. With their dedicated and talented staff they service or replace units for their commercial (80%) and residential (20%) customers. This business operates out of a 5,000 square foot office/warehouse building. This fully certified firm operates in 11 cities/ markets where they have top-of-mind awareness and name recognition. They provide both HVAC, plumbing services and environmental to their large commercial customers. They currently have $2.5 million in signed contracts for upcoming jobs.
Historical Summary:
This company traces its roots back to the late 1940s, initially providing plumbing and heating services to commercial and residential customers. Even before it was established as a formal company, it’s founder introduced air conditioning to their market while working for his previous employer.
Owner Qualifications:
Buyer does not need to be HVAC licensed. An electrical, H2 and H3 license are held by key employees. Buyer should be proficient with Quickbooks, general HR, management, marketing, etc.

Property Information

Real Estate:

Lease

Lease Terms:

Monthly Rent: $8,000

Location:

Type of Location: Stand Alone

Premises Details:

Facilities:
The business operates in a 5,000 sq.ft. office/warehouse building (4,000 sq. ft. office FF & SF, 3,125 sq. ft. SF storage, 2,500 sq. ft. FF storage, 1,850 sq. ft. heated and cooled metal shop. 1,500 sq. ft. covered parking/storage area). There are two additional out-buildings for equipment storage: one is 1,500 sq. ft. (three-sided) the other is 1,200 sq. ft. (enclosed & heated). These buildings sit on approximately 2 ½ acres. The owner of the company owns the real estate. A buyer has the option of continuing to lease the facilities for $8,000 per month (triple net) or buying for the appraised value. Additional adjoining property (up to 10 acres) is available for sale as well.

Size in square feet:
11,475

Business Operation

Expansion Potential:

The owner has restricted the work to mostly a 35-mile travel area (however the company has some “special customers” that exceed that limit). He has also limited the job sizes to approximately $1M each (Plumbing & HVAC managed as separate jobs). If a new buyer is willing to increase that cap, there is more opportunity available. This company works at several area hospitals (as well as their satellite clinics). As the hospitals’ preferred vendor, they perform Plumbing, HVAC, & Medical Gas piping for maintenance work as well as new construction and renovations. This company works for larger privately-owned surgery clinics, adult care centers, schools (community colleges, as well as K-12), and some factories. This company does select military jobs for select contractors, however the opportunity for additional military work is almost unlimited. If a new owner is interested, there are tract housing and new construction opportunities available also.

Competition / Market:

There are several competitors in their market that do residential and light commercial jobs. However, this company is by far the largest, best equipped, and has the skilled employees to bid and win larger commercial contracts (including bonded work). The nearest competitors are located over 1 hour away.

Reasons for selling:

Owner is retiring.

Trading hours:

M-F 8a to 5p 24/7 service

Employees:
29 full time, 5 managers
Years established:
1948

Other Information

Support & training:

To ensure a successful transition for the buyer, the seller is willing to remain involved in the operations for a period of time. He will work with the buyer to transfer his business knowledge and industry relationships which are unmatched in their market.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Seller financing assistance

Furniture / Fixtures value:
$258,230
Inventory / Stock value:
$54,728 - included in the asking price

Contact Enlign Business Brokers

Selling a business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here