Highly Profitable Residential and Commercial HVAC Company – SC2088

Detail information about the listing

Primary Business Category: Plumbing, Heating, and Air-Conditioning Contractors

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 marketplace, 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

The seller is willing to finance up to 25% of the purchase price under terms of 7% interest over 5 years. The amount financed will depend on offered purchase amount and quality of the Buyer.

Reason For Sale

Sellers would like to retire.

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 am to 6 pm

Full-time Employees: 2

Part-time Employees: 3

Is Management Staying: No

Distressed: No Monthly

Payroll: ON REQUEST

Building Size: 1000 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