HVAC Co. Nets $151k

Somerset County, NJ

Seller Financing Available
HVAC Co. Nets $151k

Asking Price:$350,000

Cash Flow:$151,230

Gross Revenue:$873,611





HVAC Co. Nets $151k

Get Financing Save Print Share Valuation Report

Business Description

Solid ten-year-old highly successful Plumbing Heating & Air service company located in central New Jersey and in the county of Somerset. The business has a wonderful reputation in the industry, with a 2015 gross income of $873,611 and a net income of $151,230. The company supplies its services primarily to residential homes within the general area. They have a commitment to exceptional customer service and the founders, knew there was a great opportunity to build a company that offered prompt professional service. Sourcing quality products and bringing them to their customers at competitive prices is what makes them unique. From water heaters to steam spas, they can leverage their buying power to bring their customers a wide selection of quality products at reasonable prices. They will go above and beyond to insure their customers are promptly serviced. The company is licensed and insured and their promise is Comfort, Safety and satisfaction. The business assets have an estimated value of $185,000 and the sale consists of a fully equipped Plumbing & Heating company, which includes various vehicles, accounting and billing software, computers, hand tools, including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This particular business has seven full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $18,000. This business transaction will include a new ten-year commercial lease will expire 2026-01-01 plus additional options, with a monthly rent of $1,200 and rent security $2,400. The facility consists of 1,240 square feet has a capacity for approximately 15 customers. The facility has appropriate private parking on site as part of the commercial lease. The business is active six days per week, with hours from 8:00 am to 5:00 pm, however the company is on call 24 / seven. The sale includes a certificate of occupancy from the particular municipality and the required state or city licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a long term consistent investment return to the owner operator prior to debt service. The last year’s gross income is $873,611 and the business has a yearly net income of $151,230 based on an owner operator and prior to debt service. The business has been valued at $350,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

Detailed Information

Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
This retail facility is conveniently located on an active county road close to various highways. The general area and county consist of numerous affluent communities with continue demand for this particular service. The facility which consist of a free standing structure, 1,225 square feet has a modern and professional appearance. This opportunity is located in central New Jersey, Somerset County with continued demand for this particular industry.
To the best of our knowledge, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth & Expansion:
Although the company presently has a good web site and an appropriate marketing plan, the company limits its service to a particular geographical area & customer base and if improved can further develop the net income.
Seller financing is available to qualified buyers.
Support & Training:
The owner will remain post-closing for a sixty days in order to supply an appropriate transitional period to the new operator.
Reason for Selling:
The owner is retiring after many successful years in this service industry.

Listing Statistics for Premium Members

Ad#:1279558 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

(from currently available funds)
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Ron Cervelli

Business Listed By:
Ron Cervelli

Regal Consulting Corp.

Show Phone Number

View My Listings

Find out more...

Get more details about this business.

Similar Listings

Device Pitstop

Franchise Opportunity
Capital Required: $156,000