This small, family operated HVAC company has been serving the customer generations in their market for well over fifty years and has developed a well-known brand name for quality and integrity. Operating from a commercial location they are close to major transport corridors providing fast access to reach their customers. Revenue market percentages change year to year depending on size of projects but the company routinely provides services in both installation/maintenance of residential retrofit and commercial projects both retrofit and new construction. This mix has been high in profitability and less concentrated in low margin projects. The business has an exclusive dealership with a well-known brand which includes some technical support and marketing initiatives. The business under utilizes space in the Seller owned facility and the Seller is willing to negotiate lesser space in a lease. HVAC is a scalable industry with proper marketing and capacity. This business has an excellent foundation to build from and is a rare opportunity for an ambitious buyer or another HVAC business to acquire as a bolt on enterprise. Inquire today! All inquiries are expected to execute an NDA in order to receive information.
- Asking Price:
- $500,000
- Sales Revenue:
- $1,551,350
- Cash Flow:
- $227,771
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The business operates out of a commercial 6000sq ft shop/office. The property contains covered space for storage and is security fenced. Office has a lobby, front workstations and shared office space downstairs and upstairs. The shop has fabrication equipment, storage and staging areas. Currently the business needs do not necessarily require all sq footage and as the Seller is the Landlord, a Buyer may wish to negotiate less space.
- Size in square feet:
- 6,000
Business Operation
- Expansion Potential:
-
HVAC is an industry that is scalable by adding service market and capacity. One of the upsides could be to focus on building planned maintenance agreements amongst the solid customer base built over fifty years. Additional marketing and the use of modern technology could also assist in growth. This business could also be an excellent bolt on to an existing HVAC company.
- Competition / Market:
-
There is competition but the Seller has operated in the marketplace for over fifty years and developed a trusted brand name in reliability/competence. They’ve served generations of their clients in both residential and commercial services including retrofit and higher margin projects. They also have an exclusive dealership and union backing for labor.
- Reasons for selling:
-
Retirement
- Employees:
- 6
- Years established:
- 1971
Other Information
- Support & training:
-
The Sellers will provide transitional support in the day to day operations and warm hand-offs with customers.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Seller is open minded to assist Buyer in obtaining SBA funding. Up to 10%
- Furniture / Fixtures value:
- $150,000
