HVAC

Cass County, ND (Relocatable)

HVAC
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Asking Price: $490,000

Cash Flow: $138,493

Gross Revenue: $788,224

EBITDA: N/A

FF&E: $125,000

Inventory: $20,000

Established: 1996

HVAC

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Business Description

The business was started in 1996 for HVAC service and repair for commercial customers. Service and Repair accounts for about 60% of their business, while replacement accounts for about 40%. The company is a strong player in the new industry trend of switching from pneumatic to electronic controlled systems, in this area, they have several commercial contracts, including Banks, Schools and Hospitals. Serving all mechanical aspects of the building, including steam and hot water boilers, burners, pumps, fans, chillers, cooling towers and controls, they have developed a strong reputation in the area for knowing how to bring all facets of the mechanical systems in a building to work together. Because of their industry knowledge and strong reputation, a good portion of their business comes from referrals and past customers. The business is Union friendly.

Detailed Information

Location:
Cass County, ND
Inventory:
Included in asking price
Employees:
2 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Partners own their current facility under a different entity and rent it back to the business. For an agreed upon rate and term, they will rent back to the new Owner of the business, or they would consider selling the property to the new Owner.
Competition:
There are several HVAC contractors in the metro area, but the competition within the market of electronic controlled systems is not as intense.
Growth & Expansion:
There is a significant amount of growth potential in the area, especially within the electronic controlled system market.
Financing:
$340k down/$150k for 60 mos. @ 7%.
Support & Training:
Will train for 12 weeks @ $0 cost.
Reason for Selling:
The Partners are planning to retire.
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Bradley Sturn

Business Listed By:
Bradley Sturn

Murphy Business & Financial Corporation

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