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Established Hvac Service And Installation Company
Location: United States -> North Carolina
Industry: Business Services > Other Services




Business Summary

This business has been serving the local market for almost 50 years installing, servicing and maintaining residential and commercial HVAC equipment. The business was founded and run by family until its sale to the current owner/operator.
37% commercial install, 30% residential install, 29% service, and 4% maintenance agreements. Published reports estimate growth in the 25% range over the next five years.
The owner works approximately 20 hours per week and believes that the business could be run absentee with the right manager/technician.
Inventory is not included in the asking price. Inventory, which includes primarily coolant, fluctuates over the course of a year and will be sold at cost anticipated to be less than $5,000.
Historical Summary:
Gross sales and profits have been stable
Owner Qualifications:
Buyer does not need to be HVAC licensed. Seller is H3 licensed, but it is not being used. An electrical, H2 and H3 license is held by a key employee who is aware of the sale and committed to staying through the transition.
Buyer should be proficient with Quickbooks, general HR, management, marketing, etc.
Jeff Snell 919-341-1100 ext 700


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $755,261
Cash Flow:   $201,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $54,640
Seller Financing:  Not Disclosed

About The Business

Year Established:  1972
Number of Employees:  4 - 5
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Seller will provide up to 80 within the first 60 days post transaction at no additional cost.
Reason For Selling:  true retirement

Photos

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Established Hvac Service And Installation Company Photo 1




Print Listing Id: 700326593
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Also See: Franchise Opportunities > Franchise Resales > North Carolina Businesses For Sale > North Carolina Franchises For Sale > North Carolina Business Brokers



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