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Cool! Below Market HVAC business! Just Reduced!

Ventura County, CA

Seller Financing Available
Cool!  Below Market HVAC business! Just Reduced!
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Asking Price: $400,000

Cash Flow: $165,874

Gross Revenue: $832,808

EBITDA: N/A

FF&E: $100,000

Inventory: $20,000

Rent: $1,950 /Month

Established: 2002

Cool! Below Market HVAC business! Just Reduced!

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Business Description

This HVAC business is a residential and light commercial heating and air conditioning contractor. They provide preventive maintenance, repair, change out and new installation of heating and air conditioning systems. They have become very proficient installing ductless splits system for both residential customers for spot cooling and commercial customers for server rooms. The business was started by the current owner in 2002 and serves the Ventura County area of Southern California. Most of their business comes from referral and repeat customers, and they have been voted the “Best of City” for 4 years now.

The company provides installation and service to residential and a broad range of light commercial customers. Approximately 60% of their business is to residential customers, and 40% to commercial clients. Their residential customers span a broad range of categories, from low income to high end, multi-million-dollar homes. Commercial customers include healthcare facilities, the oil fields, assisted centers, and financial institutions, to name a few.

Detailed Information

Location:
Ventura County, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business operates out of an approximately 2000 sq. ft. office and warehouse space. They have a 2-year renewable lease. Net lease payment is currently $1,950 per month. They are currently utilizing approximately 75% of the space, leaving room for future growth.
Growth & Expansion:
The addition of a sales person and/or estimator would be the next staff addition to grow the business to the next level.
Financing:
The owner will consider financing up to 10% of the sales price for a qualified buyer
Support & Training:
The owner is committed to ensuring a smooth and successful transition to the new owner. He will introduce the Buyer to all the key customer and vendor relationships and train the Buyer in the management responsibilities of the business. Understanding the complexities of their operation, the owners are willing to train a new owner for 6 weeks at up to 32 hours per week.
Reason for Selling:
The Owners would like to pursue other interests.
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Steve Barnett

Business Listed By:
Steve Barnett

KeyStone Business Advisors

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Sponsoring Broker:
Dave Richards

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