MergerPlace

South Dakota Black Hills Area

South Dakota


  • Asking Price: $158,000
  • Gross Income: $547,854
  • Cash Flow: $74,596
  • Real Estate: Not Disclosed
  • Inventory: $2,500
  • FF&E: $82,292
  • Listing ID: #214136
  • Established: 2007
  • Employees: 4 FT

Business Description

This HVAC company has made a name for itself over the past 12 years by providing professional service at competitive prices. Four employees round out the owner’s experience and allow the owner to take time off as needed. The current owner works full-time, but this could easily be run semi-absentee as the employees are accustomed to long stretches working by themselves.

The current owner moved to South Dakota in 2007 and started this company to be near family. He started and owned a similar company with 40 employees before he moved. He started this company from scratch and knows that it can grow as fast or as big as a new owner is motivated to grow it. The current owner is having some health issues that may require him to retire and move out of state.


Business Details

Primary Business Category: Contractors - Special Trade
Location: South Dakota

Company Information

Year Established: 2007
Home Based: Yes
Franchise: No
Relocatable: Yes
Number of Employees: 4 FT

Financial Information

Asking Price: $158,000
Gross Revenue: $547,854
Cash Flow: $74,596
FF&E: $82,292
Inventory: $2,500
Seller Financing Available: Yes

Property Information

Facilities:

The 1,200 sq. ft. shop sits on 3 acres with a 3-bedroom home and a couple other out buildings. All are available for $290,000, or the business operations could be moved elsewhere.

Growth & expansion opportunities:

Even with the current employees more business could be done. If the owner wanted to work full-time year-round another nice increase in sales could be realized. There is work out there for a motived owner if they were to bring on more employees. The Black Hills saw 266 new homes valued at $56,718,315 built in 2018. There were nearly 781 building permits in Pennington County alone.

Competition:

There is plenty of competition and work to be done in the growing economy and community of the Black Hills. The company has built up a very positive reputation by providing quick, reliable service. The largest limitation is, as with any business in the state, the small labor pool.

Reason for selling:

Owner is moving.

Support & Training:

Will train for 2 weeks @ no cost - 30% Commercial - 30% Residential - 20% Mini-splits - 10% Fireplace installation and chimney repair - 10% Restaurant hoods & exhaust The company has a dozen commercial service contracts that provide monthly income year-round. They work with ten building contractors on a regular basis and have over thirty rental properties they take care of. Applicable state and local HVAC licenses are required.

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Business Listed By:

Josh Wolters

Murphy Business Brokers