Appliance and HVAC Repair


Seller Financing Available
Appliance and HVAC Repair

Asking Price:N/A

Cash Flow:N/A

Gross Revenue:$2,500,000





Appliance and HVAC Repair

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Business Description

Founded over fifty years ago, this company has expanded and maintained its market share by pricing each service offering competitively, with considerations for type of repair or installation service, time frame, and labor hours used.
However, while price is an important component of the industry’s dynamics, this company emphasizes high-quality service and industry expertise.
The result is the privilege of maintaining a client base of nearly 12,000 customers who have been invoiced in the last three years. Over 1,400 active warranty contracts are on file for HVAC systems this company has installed. And, when repair work is required, the warranty provider pays this company street rates to fulfill.
Their cohesive team has the capabilities to handle all the needs of the residential homeowner, light commercial buildings, property managers, and custom homebuilders.

Detailed Information

Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
The facility comprises approximately 2,400 square feet, and is utilized for office and storage purposes. The facility is leased from a third party at the market rate, and can accommodate significantly higher revenues without major facility improvements or capital equipment expenditures.
(A) Strong Customer Relationships: The Company has strong ties to clients due to its industry expertise and excellent customer service. More specifically, the Company’s database includes approximately 12,000 customers who have been invoiced in the last three years; the Company also has over 1,400 active HVAC warranty contracts on file. In addition, no single customer accounted for more than 3% of revenue during the historical period. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of a single account. (B) High Customer Retention Rate: Due to its reputation, long-term presence in the industry, and broad in-house service capabilities, the Company’s recurring account retention rate exceeds 70%. (C) Qualifications: The Company’s structure, strategic geographic location, broad service capabilities, and integrated management systems are designed to provide clients with interdisciplinary appliance and HVAC repair solutions.
Growth & Expansion:
Management cites opportunities to grow revenues and profits above and beyond the projections discussed herein given appropriate investments in capital assets and human resources. More specifically, opportunities for growth include geographic and target market expansion.
Support & Training:
The shareholders are willing to stay with the Company during a transition period in order to ensure a seamless transfer of ownership.

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Chris Barnard

Business Listed By:
Chris Barnard

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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