MergerPlace

HVAC

North Dakota (Cass)


  • Asking Price: $490,000
  • Gross Income: $788,224
  • Cash Flow: $138,493
  • Real Estate: Not Disclosed
  • Inventory: $20,000
  • FF&E: $125,000
  • Listing ID: #208886
  • Established: 1996
  • Employees: 2 FT

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.


Business Details

Primary Business Category: Construction - Building, Developing
Location: North Dakota
County: Cass

Company Information

Year Established: 1996
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 2 FT

Financial Information

Asking Price: $490,000
Gross Revenue: $788,224
Cash Flow: $138,493
FF&E: $125,000
Inventory: $20,000
Seller Financing Available: Yes

Property Information

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.

Growth & expansion opportunities:

There is a significant amount of growth potential in the area, especially within the electronic controlled system market.

Competition:

There are several HVAC contractors in the metro area, but the competition within the market of electronic controlled systems is not as intense.

Reason for selling:

The Partners are planning to retire.

Support & Training:

Will train for 12 weeks @ no cost

Contact Business Seller

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Business Listed By:

Brad Sturn

Murphy Business Brokers