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Listing ID: 3158548

Growing HVAC Company in Central NC For Sale

North Carolina, United States

not disclosed

(Furniture / Fixtures and Inventory / Stock included)

Revenue: $ 5,361,208

Cash Flow: $ 880,583

Business Description

Successful, well-established HVAC company that has serviced residential as well as commercial clients in its market for nearly 30 years. The Company provides repair, replacement, ongoing and preventative maintenance (over 1,200 pieces of equipment under maintenance contracts), as well as new construction installation services. Excellent, experienced, well-trained staff in place. Full fleet of vehicles. Excellent reputation and 98% repeat business. Turnkey operation for new entrant into HVAC market, or excellent opportunity for existing company to expand.

Lender approved for qualified buyer with 15% down payment.

Property Details

Years Established:

27

Property Type:

Lease

FF&E:

$ 528,000

Inventory Value:

$ 75,000

Other Details

Premise Details:

The Company leases a 7,000 square foot facility on a month-to-month basis. Buyer could continue to remain in that location or relocate to another facility.

Competition:

According to IBIS World, the US Heating, Ventilation and Air Conditioning industry currently brings in $93.8 billion in revenue and profits $5.3 billion annually. On average, the industry has grown 3.1% annually from the years of 2013-18. The three biggest services in this industry are new construction at 50.8%, maintenance and repairs at 32.5% and replacements at 10.8% IBIS World states the most important factors for success in this industry are: having a good reputation, effective management of seasonal production, the ability to hold maintenance contracts, the ability to adopt new technology and the ability to offer a variety of services to fit the customer’s needs.

Expansion Potential:

Opportunities for growth include adding additional technicians, expanding foot print, and/or acquiring smaller HVAC companies that do not have the resources and reputation of the seller.

Operation Details

Employees:

36 FT

Trading Hours:

Mon-Fri 8am-5pm; 24 hr. Emergency

Support & Training:

Will train for 4 weeks @ no cost. Products/Services: The Company has purposefully built a diverse revenue stream of residential and commercial customers with both service and installation components. Licenses: Two staff members hold the NC/SC HVAC Group II license and one holds the HVAC Group III license. Service techs are licensed to handle refrigerant.

Relocatable:

Business Relocatable

Miscellaneous

Reason For Selling:

Retiring.

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