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SBA Approved: Residential and Commercial HVAC Company SC2088
Asking price $800,000
CA
Cash Flow: $341,853
Gross Revenue: $1,837,834
EBIT DA: No Data
FF&E: $100,000
Inventory: No Data
Established: 1974
Type: Independent
Business listed by:
Brett Sargent
Sunbelt Business Brokerage of Sacramento
(916)8002090
Business Description:
This long-established residential, commercial, and multi-family HVAC service company in Northern California is a Sub-Chapter S Corporation and is under the current ownership for the past 33 years but has been in business for over 48 years! They provide a variety of services from residential HVAC system replacement, repair and service to commercial and multi-family construction, renovation, repair, and service. This company also gets involved in tenant improvements, existing system diagnosis and tune-ups.
Competition Description
There is competition in the market place, but this business has a tremendous reputation and long standing relationships with builders in the region as well as with property managers.
Growth / Expansion overview
Growth can be obtained by increasing marketing efforts through digital and print media. Additionally, growth can be made by expanding relationships with general contractors, developers, and property managers to expand services on commercial and new construction as well. They currently rely heavily on word of mouth and repeat customers that are very loyal. They are currently executing on a $1,500,000 contract for new construction that has just started.
Support / Training Comments
Seller agrees to provide training for 4 weeks at 30 hours per week. Additional training and support from the Seller are available at mutually agreed upon terms between the Buyer and the Seller.
Financing Comments
Seller is willing to finance up to 25% of the purchase price under terms of 7% interest over 5 years. Amount financed will depend on offered purchase amount and quality of the Buyer.
- Home Based: No
- Year Established: 1974
- Franchise: No
- Year Acquired: 1989
- Willing to Train: Yes
- Relocatable: Yes
- Required Licences: C20 HVAC LIcense
- Is Property Leased: Yes
- Real Estate Available: No
- Real Estate Included: No
- Real Estate Value: N/A
- Real Estate Asking: N/A
- Days Open: Monday - Friday
- Hours Open: 7:00 am to 6:00 pm
- Fulltime Employees: 2
- Part time Employees: 3
- Is Management Staying: No
- Distressed: No
- Monthly Payroll: ON REQUEST
- Building Size: 1,000 sq. ft.
- Monthly Rent: $1,343
- Lease Expires: 12/31/2022
- Lease Miscellaneous: CAM of $254.43 included in rent
Broker: ProEquity Asset Management Corporation License ID: 01870526
Selling Reason:
Sellers would like to retire.
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