HVAC Expansion Opportunity

Providence, RI (Providence County)

Seller Financing Available
HVAC Expansion Opportunity
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Asking Price: $1,750,000

Cash Flow: $575,000

Gross Revenue: $3,250,000

EBITDA: $280,000

FF&E: $10,000

Inventory: $15,000

Real Estate: $300,000*

Established: 1999

*not included in asking price.

HVAC Expansion Opportunity

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Business Description

Strategic opportunity for an establishe company to expand operations into the Rhode Island HVAC market. Capitalizing on licensure and deep connections to key developers in the multi-unit space, commercial construction and high-end residential, the Company has benefited from responsible accounting and steady leadership with $3.25m+ in sales. The Company seeks to expand by being absorbed by a larger company to take advantage of RI expanding economy and the ability to sell much more than can currently install.

Seasoned crew of technicians with over ten individuals holding licenses. Expansion into service. Hi growth company with over a million dollars in contracted work yet to be installed.

5 Year Lease with two additional options for 5 year terms.

Detailed business description and financial information available after signing non-disclosure agreement.

Detailed Information

Providence, RI
Included in asking price
Real Estate:
Not included in asking price
Building SF:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Lease office and over 3,000 square foot fabricating work space. Tin shop. All well-located to near Brown University, RISD, downtown Providence and Interstate 195, Interstate 95, and State Route 6. Abundant onsite parking. For lease at $4,000/mo
Prime location with access to all major RI markets. Key relationships with developers, condo builders, 55+ senior living centers, municipal work, commercial and residential restoration. Company has an excellent reputation after 25+ years in the business and is turning work away that they would like to accept.
Growth & Expansion:
Expansion opportunities with turn-key business generating $500k in discretionary cash flow for 2018. Currently not capitalizing on potential maintenance contract business despite thousands of names in customer base.
SBA Loan, conventional financing, Call for details, Lease included
Support & Training:
Owner wishes to stay on with company for a period not less than five years. Incentive-based salary pegged to performance and sales growth. Ongoing crew training and guaranteed opt-in to ongoing training for new emerging technologies from LG, Mitsubishi and top brands.
Reason for Selling:
Expansion opportunity, strategic growth plan
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Business Listed By:
Bob Berle

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