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Well-Established Profitable HVAC and Plumbing Business

Iosco County, MI

Well-Established Profitable HVAC and Plumbing Business
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Asking Price: $350,000

Cash Flow: $107,850

Gross Revenue: $536,666

EBITDA: N/A

FF&E: N/A

Inventory: $50,000

Real Estate: $50,000*

Established: 1975

*not included in asking price.

Well-Established Profitable HVAC and Plumbing Business

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Business Description

Must See! Michigan-Based HVAC Company

Established in Eastern Michigan, this HVAC and plumbing Company has been serving its small but loyal Lake Huron community for over four decades. The Company employs three full-time service techs who have the licensure and experience to tackle a variety of tasks, including:
- Plumbing installation and repair (all forms of piping and fixtures)
- Sewer and drain cleaning
- Installation and repair of heating equipment, including sheet metal and ductwork
- Boiler system installation, repair and mandatory CSD-1 reports
- Air conditioning installation and repair
- Backflow preventor installation, repair and mandatory inspection reports
The Company has experienced steady and solid financial performance for many years by consistently delivering quality service to customers at a reasonable price.
The owner retired over a decade ago and now the Manager is looking forward to fully retiring from the business, but is willing to assist with the transition to the new owner.
Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency.
You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the NDA email cannot be found, please email info@smallbusinessdeal.com and request a PDF version.
Once we receive your NDA, the Confidential Business Review (CBR) will be sent to you. The owner’s contact information will be provided in the CBR. They will be happy to correspond and answer your questions directly. Thank you for your time!

Detailed Information

Location:
Iosco County, MI
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
4
Facilities:
3,700 sq. ft. warehouse well-stocked to ensure low wait times for repairs.
Competition:
Investment Highlights Include: (1) Low Risk/High Cash Flow Business – For many years, this Company has provided its owners with an optimal balance of risk and reward (cash flow). Spending on heating and plumbing is usually not discretionary and tends to be largely independent of the economic conditions of the local and national economy. By focusing on good customer service and retaining a good team, the owner of this Company will do well. (2) Distinct from the Competition – The Company sets itself apart from the competition in a number of ways: - Quality products, including Trane furnaces, Kohler plumbing products, Gould pump systems, Honeywell, Weil McLain boilers, etc. - Reputation for quality 24/7 service, with 3 highly qualified service technicians with an average tenure of 18 years - A well-stocked warehouse to reduce wait time for repairs
Growth & Expansion:
(1) Sales and Marketing Efforts: This Company generates virtually all of its sales from past clients and word-of-mouth business. The Company does not have a web presence, a dedicated salesperson, and only invests minimally in any marketing (yellow pages and truck signage.) Despite this, the Company has consistently operated profitably and experienced steady growth. (2) Additional Staff: The Company is unable to accept all the calls it receives requesting service. A new owner with relevant skills or a strategy for hiring/training new technicians could quickly grow the business.
Support & Training:
Ownership is willing to provide reasonable and customary transition assistance.
Reason for Selling:
Retirement.
Business Website:
http://bit.ly/2OcRxYQ
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Contact the Seller

(from currently available funds)
 
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Matthew Baas

Business Listed By:
Small Business Deal Advisors

Small Business Deal Advisors, LLC

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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