Family Owned HVAC & Plumbing Company For Sale

Business description

This family-owned heating and plumbing business has served southwest Wyoming for over 40 years. They offer residential, commercial, and industrial sales, service and installation of furnaces and air conditioning systems. Outstanding performance and prompt service have built a strong repeat residential and commercial business from loyal customers and long term relationships with commercial contractors.

Property information

Lease terms:

Real property is not included in the sale; however, the current owners are willing to negotiate an acceptable lease based on the expense guidelines of the third party appraisal procured by the owners prior to the sale of the business.

Location:

The building is highly functional, providing office space, work area and storage, and includes a complete sheet metal fabrication shop.

Other information

Expansion potential:

The addition of an innovative two-person sales team engaged in direct marketing and a more diversified advertising campaign to include print media may substantially increase company revenues.

Competition / Market:

In actuality there is no competition within a 100 mile radius of the company. Three small independent firms offering single service options are located in the city but none have the capability to provide the complete package service provided by this company for the past 43 years. An excellent reputation and prompt service have built a strong repeat business environment.

Support & training:

The owners will provide four weeks of training for the entering party. In addition, the owners will be available for consulting during a transition period. The owners will sign a non-compete document.

Reasons for selling:

The older owner wishes to retire. The younger owner prefers to become an employee for approximately five years and then retire. The staff is being trained to support the owners exiting plan.

Financing available:

Who should inquire about this business? Those with a background in construction/HVAC, Plumbing, HVAC manufacturing reps, construction finance, engineering, etc., who also have a management background. You should have available cash of at least $900,000 for downpayment funds plus working capital. The Buyer will need excellent credit to qualify for third party loans for the majority of the purchase price. The Seller may provide a limited amount of Seller financing.

Furniture / Fixtures value:

$266,923 (included in the asking price)

Inventory / Stock value:

$186,357 (included in the asking price)

Website:

www.BizAdvocates.com

Related documents:

• 
• NDA & Prequalification Information

• 
• Roadmap to Business Ownership