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This business does conventional HVAC services; repair, installation and maintenance. Their business has a mix of residential change outs and service (50%), commercial contracting and service (50%)--No New Construction. They operate lean with 4 key employees and the owner to service the greater Charlotte, NC area. The company has a full charge bookkeeper, estimator and project manager, as well as a full-time sales and customer service representative. They have new equipment, began rotating out older service trucks which are being replaced with new Mercedes Sprinter vans and box trucks. There are 15 technicians, service and support staff. There are over $1,300,000 signed commercial contracts to be completed in 2021. The owner is ready to retire and turn over the business to someone with a bit more energy
This business was began in 2012. The company has grown from humble beginnings operating out of the owner’s home to a warehouse/office building they own and occupy.
A new owner does not need to be experienced at HVAC, however it would be a plus. All the current key people have years of experience and some hold license for HVAC as well.
Real Property Included
The company has grown from humble beginnings operating out of the owner’s home to a warehouse/office building they own and occupy.
The company operates out of a 2,000 sq. ft. warehouse/offices downstairs with a 400 sq. ft. office upstairs. Shop space is adequate at the moment but one more year of growth, the facility will not be sufficient. The spaces on either side could possibly be acquired in late 2021 or 2022.
The potential for growth is great due to the commercial and residential growth in their market. There are multiple opportunities that cannot be pursued do a lack of working capital. They have 20 + different companies asking for pricing daily on different types of projects. They can only meet the demands of 4 of these companies at this time. The company is poised to take advantage of this situation with new ownership that is well capitalized
Their market area has much residential competition and some light commercial competition. There are only 3 or 4 other companies in the area with this company’s experience and diversity in heavy commercial and light industrial. Their tremendous growth rate is due in part to their excellent people giving outstanding customer service.
The owner is retiring
The owner will work with a buyer 30 to 60 days to insure a smooth transition.
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