Profitable and Highly Reputable HVAC Company

WA

Profitable and Highly Reputable HVAC Company
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Asking Price: Get Financing: $1,498,000

Cash Flow: $482,956

Gross Revenue: $2,796,968

EBITDA: N/A

FF&E: $183,630

Inventory: $207,195

Lease Rate: N/A /SF

Established: 1962

Profitable and Highly Reputable HVAC Company

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Business Description

Highly recognized and well branded in the area as the premier residential HVAC service provider. Specializing in service and repair has allowed the Company to build up the install side of the business and provides redundancy through economic fluctuations. The technicians and staff undergo consistent training to stay current with technology and innovations, however still adaptive enough to effectively maintain older equipment. This is a highly profitable business and has continued to maintain or exceed typical industry profits while staying efficient enough to keep expenses in check. The owner has implemented a consistent culture that has assisted in long term employee retention which has kept turnover to a minimum.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,525
Lease Expiration:
N/A
Employees:
11 FT/1 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business resides in a 3525 sq.ft building located on a busy main thoroughfare that offers superior visibility and parking for customers. Front reception area for office staff and techs. The shop is well equipped for fabrication work along with additional storage for inventory. The company also uses a Mitsubishi system, Navien tankless water heater, Lennox SLP furnace all on display that functions to heat and cool the building. Two storage containers are located on the premises that the Company utilizes for additional onsite storage and are available to use in the building lease. The storage containers would not be included in the sale of the business since they are owned by another entity of the Seller, they would be available only with the purchase of the Real Estate.
Competition:
There is only one other competitor within a mile although their focus is on new construction and they are not as well equipped for service and repairs. In the next closest area (20-40 minutes away) there are a few other shops, most of which also engage in plumbing and/or electrical work.
Growth & Expansion:
The HVAC industry is an ever changing landscape and products continue to become more sophisticated and the end result is better for the consumer. As a result is the demand for higher efficient means of heating and cooling combined with cleaner inside air. The Company has kept current with those changes, has focused on building the service and repair sector which has led to a recurring stream of change-outs. According to First Research the HVAC industry is forecasted to grow at an annual compounded rate of 7% from 2016 through 2020.
Financing:
Lender pre-screened with $355k down.
Support & Training:
Will train for 2 weeks @ no cost. Trade and sales skills are a must. Appropriate licensing requirements for Washington and Idaho. Ongoing training for techs and staff allow them to proficiently service all makes and models of equipment in the industry. Some of the products they use consist of Lennox, Mitsubishi, Coleman, Napoleon & Water Furnace. The Company is also a Lennox Premier Dealer and holds a Mitsubishi Elite Diamond Dealer status which requires the dealer to have an exceptional level of expertise, customer satisfaction and ongoing training along with a commitment of professional conduct with customers.
Reason for Selling:
Owner wishes to pursue other interests.
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Ken Bohenek

Business Listed By:
Ken Bohenek

Murphy Business & Financial - Mountain West

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Sponsoring Broker:
Rodney R. Wolfe, CMA, CCIM, CMAI, BCI

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