75 services agreement valued $2k = $150k on home service agreements guarantee, for 5-10 years = $200k (at 100%) and at $150k (75%)
Revenue is call in
Gross Revenue ($700k/3 years, 2nd year – $800k) on 2 Full time techs. 2 techs can handle 75 AC.
3000 customers in database
Normally $300k/per truck (they have 2 trucks) and his is $400k/tech
20% net profit
NO competition as he’s the only company in the area, can works in a 35-40 miles radius
Upside for buyer:
2 full time techs. Can add more 2 techs. Owner does paperwork
Add plumbing revenue side on top of air conditioning and heading, can add more revenue. He will train
Owner can train how to monetize plumbing, AC biz based upon what to charge, etc.
Does no marketing. If you do SEO, marketing, can increase
Owner can stay on to show monetization on home warranties and operations
Kids do not want the business. His father started at 68. Owner has been in business for 25 years. Reputation is stellar.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
