HVAC Sales, Service & Installation Company

MI

HVAC Sales, Service & Installation Company
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Asking Price: $850,000

Cash Flow: $240,000

Gross Revenue: $1,550,000

EBITDA: N/A

FF&E: $150,000

Inventory: $75,000

Rent: $5,910 /Month

Established: 1988

HVAC Sales, Service & Installation Company

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Business Description

The company was founded by the current owner over 30 years ago and has grown and evolved into the current operation. The business provides HVAC service primarily to the residential market relying on maintenance and service to retain customers and create new leads for residential replacements. The company currently has over 500 customers on a maintenance agreement program, most of which are set up on a monthly payment program providing approximately $6,500/month in recurring revenue. The company also sells and installs gas fireplaces, stoves and inserts and features a large showroom to display and represent the various styles offered. As a dealer for a major brand of HVAC equipment, the company benefits from national advertising and name recognition of this particular line of products as well as an ongoing local marketing program to generate business. The dedication to quality service is what sets this company apart from competitors and would make a strong addition to another regional HVAC company. A seasoned, non-union work force is ready to assist customers in all areas of quality and service. A unique opportunity to acquire a strong company with a solid product history and reputation. Seller will consider all proposals for merger or acquisition.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
9,300
Lease Expiration:
12/31/2019
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The company leases a purpose built facility consisting of two buildings from a related party. The main building houses offices, product showroom, employee lounge and training area, parts storage, workshop and indoor storage for vehicles. A second building is used for the storage of large items and additional vehicles.
Competition:
The company is the major residential HVAC sales and service company in the region with a long history of quality service and customer satisfaction. Other companies serve the area, but not to the extent of this company. The company typically does not accept commercial or industrial HVAC projects.
Growth & Expansion:
Additional residential customers could likely be added if a new owner elected to service a broader geographical base and offer commercial and industrial service along with new home construction installations.
Support & Training:
The owner will provide adequate training and orientation as part of the sale process.
Reason for Selling:
Retirement
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(from currently available funds)
 
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Roger Rumble

Business Listed By:
Roger Rumble

The Stratford Associates, Inc.

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