MergerPlace

Twin Cities Commercial

Minnesota (Hennepin)


  • Asking Price: $725,000
  • Gross Income: $658,602
  • Cash Flow: $325,864
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $50,000
  • Listing ID: #208187
  • Established: 1987
  • Employees: 2 FT

Business Description

This Twin Cities HVAC company provides repair and replacement services for heating, ventilation, cooling and refrigeration needs for commercial, industrial, property managers and multi - unit housing buildings. The company was started 30+ years ago and has a stellar reputation for service and responsiveness to their customers. Their business is 100% commercial business. There is no residential business by desire. Most of their customers are repeat customers, having used this company for their repair and replacement needs for years. Their long term customer base has grown to a point that the demand for service is difficult to meet. The company does not do new construction. Year-to-date revenues are up over 9 % from last year.


Business Details

Primary Business Category: Construction - Building, Developing
Location: Minnesota
County: Hennepin

Company Information

Year Established: 1987
Home Based: Yes
Franchise: No
Relocatable: Yes
Number of Employees: 2 FT

Financial Information

Asking Price: $725,000
Gross Revenue: $658,602
Cash Flow: $325,864
FF&E: $50,000
Inventory: $5,000
Seller Financing Available: No

Property Information

Facilities:

The business is currently run out of the owner's home.

Growth & expansion opportunities:

Because of the quality reputation of service and responsiveness, the company already gets called for more business than it can handle today. By adding appropriate staff, a website, and creating a marketing program, this company could grow far beyond the levels that they are at today.

Competition:

There are many other local competitors in the market. Not all specialize in just commercial work.

Reason for selling:

The owner wished to start to process of retirement, but is willing to work for as long as a year in the buyer's company to facilitate an orderly transition of his commercial and property management customers from himself to the buyer and allow the buyer to leverage the 30+ years of contacts.

Support & Training:

Will train for 4 weeks @ no cost The company provides repair and replacement services for the heating, cooling, ventilation and refrigeration needs of their commercial account base. The qualified buyer needs understand how to manage a business and a be knowledgeable about the HVAC industry. Several licenses and certifications are also required to operate this business.

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Business Listed By:

Darrel Damhof

Murphy Business Brokers