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Well-Established And Reputable Residential Hvac Business In Michigan For Sale

Michigan, US
Asking Price:
$625,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,123,833
Cash Flow:
$173,451

Located in the highly desirable area of Southeast Michigan, this business has enjoyed a incredible journey. The owner is now ready to retire and looking for the right successor to take over and continue his legacy.

With a remarkable track record, the company has cultivated a dedicated base of repeat residential customers who not only provide ongoing business, but also serve as valuable referral sources. The business encompasses a wide range of services including the installation and servicing of furnaces, air conditioners, water heaters, mini-splits, and various indoor air quality products, all of which are complimented with an annual service membership. Furthermore, the company has expertise in new custom-built construction with very healthy profit margins. The firm's reputation for exceptional service and top-notch workmanship is evident in its 5-star customer service ratings, a growing number of repeat customers, and consistent year-over-year sales growth.

The company has a crew of 5 experienced, highly trained, competitively compensated, non-union technicians, most having been with the business for several years. The technicians are regarded as knowledgeable, dependable, and friendly. The owner handles most of the estimates, training along with the lead technician along with training provided by local supply houses. The general manager handles the front office administration and scheduling. Both the owner and general manager have been slowly decreasing their roles in the day-to-day operations and are agreeable to stay on to help the new owner with transition.

The company invested heavily in technology resulting in an excellent website and top-of-the-line technology and automation allowing for greater efficiency, payment processing, and scheduling. Equipment and vehicles are late model and in excellent working order maintained professionally.

If you are searching for a successful well-established business located in a growing and desirable region, this business represents an exceptional opportunity. A mechanical license or an ability to obtain one is required for this transaction. All buyers must sign the NDA and provide proof of financial capability to proceed.

Property Information

Real Estate:

Lease

Location:

Southeast Michigan

Premises Details:

The business operates out of an appealing, centrally located office in the light industrial building near the highway. The facility is approximately 1,870 sq ft and includes a front office, warehouse area, and storage for parts with a back overhead door perfectly suitable for equipment deliveries. Lease is through May 2024 at $1,801 plus NNN $577.74 per month. Excellent landlord to work with.

Size in square feet:
1,870

Business Operation

Expansion Potential:

With long-standing respect in the industry and the fresh energy of a buyer, this business is poised for continued growth and expansion. Outside of the strong business networking the ownership group maintains, there is a significant opportunity for increasing revenue with expanded marketing approaches and improving the company’s social media presence.

Competition / Market:

Stellar reputation, integrity, and dedicated staff allow the company to separate itself from the rest of the competition and retain its clients consistently while increasing its market share with a strong referral network.

Reasons for selling:

The owner is planning for retirement.

Employees:
6
Years established:
2007

Other Information

Support & training:

The owner would like to see the business succeed and is happy to stay through negotiated transition period to familiarize the buyer with all aspects of the business.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Negotiable. SBA Loan is available for a qualified buyer.

Furniture / Fixtures value:
$156,900 - included in the asking price
Inventory / Stock value:
$15,000 - included in the asking price