Founded only 5 years ago, this residential HVAC company has seen extraordinary growth since its inception. With an approximate 170% YOY growth rate between 2022 and 2023, this company generated $2.8M last year and 2024 financial projections are looking even brighter. In January of 2024 alone, the business nearly doubled the revenue they earned in all of 2021.
Specializing in add-on/replacement sales for HVAC systems and plumbing services, the business has carved out a niche for itself in the residential sector. Notably, they refrain from new construction projects, with minimal involvement in commercial ventures.
Currently, HVAC constitutes approximately 75% of company revenue while plumbing represents around 25%, but the owner sees substantial growth opportunities in the plumbing sector. With all plumbing clients acquired through word-of-mouth referrals thus far, the potential for expanding market share through the introduction of strategic sales and marketing initiatives is immense. In fact, the owner believes plumbing revenue could easily double with an investment in marketing, leveraging off their hundreds of 5 star online reviews.
While the profit growth and opportunities to expand further are indeed noteworthy, what truly sets this company apart is its dedication to customer service and community involvement. The owner has cultivated a strong sense of purpose within the business, with a mission rooted in assisting individuals in need, particularly veterans. They have even recently initiated philanthropic efforts such as annual donations of full HVAC systems to deserving veterans, exemplifying a commitment to giving back. This ethos has resonated with both customers and employees, fostering a loyal customer base and a motivated workforce.
Having gradually removed himself from day-to-day affairs, the owner now focuses solely on driving growth initiatives, while the company and its employees operate autonomously. Despite experiencing a thrilling period of expansion, the owner has opted to sell the business to pursue a new venture he’s passionate about. This creates an enticing opportunity for a prospective buyer to acquire a turnkey, thriving business poised for further growth.
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