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Listed by:

Transworld Business Advisors Raleigh West

Retiring Baby Boomer Service Business For Sale

Wake County, North Carolina, US
Asking Price:
$578,854 Furniture / Fixtures included
Sales Revenue:
$966,601
Cash Flow:
$255,226

This business is a services company that provides high-quality HVAC repair and installation services for residential customers in the Triangle.

The Seller is the sole license holder and the business requires (3) three licenses:
1. North Carolina HVAC H3 Class 1 License
2. North Carolina Special Restricted Plumbing Heating & Air (SPPH) License and
3. North Carolina Home Inspection License.

Leveraging over 15 years of experience, this company strives to provide quality service and installations making it very profitable. Their reputation for being professional, and knowledgeable, delivering quality results, and expressing integrity is what has made this company highly sought after. SBA Loan Pre-qualified.

Property Information

Real Estate:

Lease

Lease Terms:

Monthly Rent: $1,050.00

Square Units (Foot, Meter): 1,000

Lease Expiration Date: June 29, 2024, 9:00:00 PM

Terms Options: Annually

Location:

Facilities: Flex office space with office and garage

Business Operation

Expansion Potential:

* Invest in phone or digital campaigns to grow revenue with client database. Has not tapped into the semi-annual HVAC tune-ups to generate service, repair, or installation work
* Invest in radio ads to grow top-of-mind awareness
* As needed, add service technicians and service vehicles to perform scheduled tune-ups
* An ideal buyer is a licensed Home Inspector seeking to double profit margins in this new niche.

Competition / Market:

What Sets this Business Apart from the Competition:
* Small, nimble, and operator-led. The owner works 40 hours per week.
* Averaged over $850,000 in annual revenue over the past 4 years. The 2023 is trend the same.
* Turnkey to make a profit. The lowest SDE over the past 4 years was 19.8% and 2023 trending the same.
* Strengths: Reputation, Repeat business, and High-quality work. Outsources profitable installation to 3rd party contractor.
* Focused model: residential HVAC in Wake County with no new residential construction. Thousands of real estate agents have this business on their speed dial.

Reasons for selling:

Retirement

Employees:
3
Years established:
2008

Other Information

Support & training:

Number of Weeks Seller Will Offer Training: 2

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
$50,000 - included in the asking price
Relocatable:
This business can be relocated.