MergerPlace

Reputable HVAC Company With Growing Sale

Michigan


  • Asking Price: $360,000
  • Gross Income: $485,017
  • Cash Flow: $116,686
  • Real Estate: Not Disclosed
  • Inventory: $90,000
  • FF&E: $90,000
  • Listing ID: #202979
  • Established: 1960
  • Employees: 4

Business Description

Great opportunity to acquire a Southeast Michigan HVAC company that has a proven track record for over 50 years! Services include installation and servicing of residential and commercial HVAC, refrigeration, generators, air purifiers, boilers and more as technicians are extremely well-rounded. The Company is a Professional (Elite) Partner with multiple national equipment brands and has earned a 5-star rating with the Better Business Bureau. Their customer base is 80% residential, 20% light commercial, with over 200 service contracts in place. Revenue has significantly increased in 2017 due to increase in labor force, service contracts and ongoing training.

This is a turnkey business with up-to-date books, reports and processes. Personnel consists of an office manager/dispatcher and three experienced technicians, all full time. The owner has some day-to-day responsibilities, but primarily focuses on growing the business and making key decisions for the company. Day to day operations are primarily handled by office staff.

All infrastructure is in place including office setup, newer vehicles purchased in 2017, equipment, and current website. The office is open 6-days/week, and offers 24/7 emergency services.


Business Details

Primary Business Category: Contractors - Special Trade
Location: Michigan

Company Information

Year Established: 1960
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4

Financial Information

Asking Price: $360,000
Gross Revenue: $485,017
Cash Flow: $116,686
FF&E: $90,000
Inventory: $90,000
Seller Financing Available: Yes

Property Information

Facilities:

Currently the business operates out of a month-to-month leased space allowing the new owner to stay or relocate.

Growth & expansion opportunities:

The cash flow could be significantly increased if the new owner puts additional focus on marketing service agreements and adding more commercial business.

Competition:

Although competition exists, this business has loyal hard-working employees, well-rounded service offerings, superb reputation and established name.

Reason for selling:

Retiring from the business

Support & Training:

Seller will provide adequate training to insure smooth transition.

Contact Business Seller

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Business Listed By:

Tanya Popov

Inix Consulting and Brokerage