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30+ year old HVAC company is looking to retire while leaving their customers in good hands.
Highlights:
Over 200 active service contracts, ensuring recurring revenue.
Several large-scale contracts with established commercial and industrial clients.
Consistently EBITDA and strong profit margins, outperforming industry averages.
The business has recently removed their office lease space and currently only maintains a location where inventory and other materials are stored.
Current growth for HVAC companies in Texas is unchecked. Growth is outpacing inflation.
Companies in this industry install and service heating, and air-conditioning equipment. Major companies from the US include ARS/Rescue Rooter, Comfort Systems USA, EMCOR, and TDIndustries.
Global demand for plumbing and HVAC services is increasing as economies progress and rising consumer inclination for comfort and luxury.
The global market is projected to reach about $370 billion by 2030 with a compound annual growth rate (CAGR) of 3.9% between 2020 and 2030, according to Statista. Plumbing and HVAC contractors typically operate regionally, but some large companies are beginning to expand globally.
The US plumbing and HVAC contractors industry includes about 105,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $205 billion.
Industry Indicators
The value of US nonresidential construction spending, a demand indicator for HVAC and plumbing contractors, rose 7.40% year-to-date in
October 2024 compared to the same period in 2023.The value of US residential construction spending, which impacts demand for HVAC
and plumbing contractors, rose 6.90% year-to-date in October 2024 compared to the same period in 2023.
Industry Forecast
The value of US private and public building construction, an indicator for plumbing and HVAC contractors, is forecast to grow at an annual
compounded rate of 6% between 2023 and 2028, based on changes in physical volume and unit prices.
Ownership is retiring.
Monday-Friday 7am-5pm
Will train for 4 weeks @ $0 cost.
Lender pre-screened with $43,600 down.
