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Long Established Profitable Hvac & Plumbing Company
Location: United States -> North Carolina -> Moore County
Industry: Business Services > Construction




Business Summary

Owner is ready to retire and will work with a buyer for a seamless transition. This company has been the go-to enterprise for over 70 years for HVAC (60%) and plumbing (40%) needs in the area. With their dedicated and talented staff they service or replace units for their commercial (80%) and residential (20%) customers. This business operates out of a 5,000 square foot office/warehouse building. This fully certified firm operates in 11 cities/ markets where they have top-of-mind awareness and name recognition. They provide both HVAC, plumbing services and environmental to their large commercial customers. They currently have $2.5 million in signed contracts for upcoming jobs.
Historical Summary:
This company traces its roots back to the late 1940s, initially providing plumbing and heating services to commercial and residential customers. Even before it was established as a formal company, it's founder introduced air conditioning to their market while working for his previous employer.
Owner Qualifications:
Buyer does not need to be HVAC licensed. An electrical, H2 and H3 license are held by key employees. Buyer should be proficient with Quickbooks, general HR, management, marketing, etc.
Facilities:
The business operates in a 5,000 sq.ft. office/warehouse building (4,000 sq. ft. office FF & SF, 3,125 sq. ft. SF storage, 2,500 sq. ft. FF storage, 1,850 sq. ft. heated and cooled metal shop. 1,500 sq. ft. covered parking/storage area.) There are two additional out buildings for equipment storage: one is 1.500 sq. ft. (three sided) the other is 1,200 sq. ft. (enclosed and heated). These buildings sit on approximately 2 -- acres. The owner of the company owns the real estate. A buyer has the option of continuing to lease the facilities for $8,000 per month (triple net) or buying for the appraised value. Additional adjoining property (up to 10 acres) is available for sale as well.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $4,075,000
Cash Flow:   $334,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $312,958
Seller Financing:  Yes

About The Business

Year Established:  1948
Number of Employees:  20 - 34
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  To ensure a successful transition for the buyer, the seller is willing to remain involved in the operations for a period of time. He will work with the buyer to transfer his business knowledge and industry relationships which are unmatched in their market.
Reason For Selling:  Owner is retiring.




Print Listing Id: 700343048
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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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