Heating and Air Conditioning Contractor For Sale

Business description

The owners established the company in 1979 working literally out of the family garage as a one man band operation. At first the sellers would take whatever business they could in many different sectors and covering a wide geographic area. In 1992 a decision was made to focus on residential sales and service installing or repairing furnaces and air condition systems. In 1996 the company introduced the first furnace cleaning truck to service their market area. And today the company remains the only HVAC contractor to own a truck of this type and to offer this service. Today the company enjoys an estimated 75% call back rate from customers for this service. The company installs repairs or cleans furnaces and air conditioning systems. Because the end user is the consumer the company is able to collect payment for its service right after the job is completed. Currently the sellers choose to buy in bulk and pay for hardware immediately. In exchange the sellers are able to negotiate very competitive rates maximizing the opportunity to generate healthy profits. Note: this business is being marketed by: Stuart Neal & Associates, Business Brokers. Interested parties MUST sign a Confidentiality Agreement and provide a Financial Statement PRIOR to receipt of further details.

Property information

Real Estate:

Lease

Lease terms:

Size of Premises: 1570 sq. ft. (approximate) The sellers will provide a long term lease to the buyer. Exact terms to be negotiated.

Other information

Expansion potential:

The buyer will enjoy the goodwill that has been built up by the sellers over the last 29 years. Buyers might want to consider the expansion opportunities afforded to them by: - Expanding into new markets i.e. new construction, commercial or industrial work - Expanding the geographic area Further the buyer will enjoy cash flow in excess of $400,000 prior to debt service and perhaps more if they wanted to take on a more hands-on role in the business.

Competition / Market:

The sellers claim that they are one of the top 4 players in their local market place.

Support & training:

The sellers will be prepared to stay and train a buyer in aspects of managing the business. Exact terms to be negotiated with the assistance of the broker.

Reasons for selling:

Sellers wish to retire to sunny climes.

Trading hours:

Monday to Friday

Financing available:

Seller may part carry subject to buyer status.

Furniture / Fixtures value:

$188,481

Inventory / Stock value:

$70,000

Contact the seller

For more information about this business for sale, click the Contact Seller button.

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