Lucrative Maine Residential HVAC Firm
| Asking Price: | $3,950,000 |
| Gross Revenue: | $3,560,391 |
| Established Year: | 1999 |
| Cash Flow: | $883,324 |
| Inventory: | $150,000 |
Residential HVAC Firm
Based in Cumberland County, Maine, this well-established firm is #1 in the State for a certain specialty. 80-90% of revenue comes through their work as a subcontractor on custom homes and small commercial projects. They employ a staff of 8 FT employees, with one new hire coming aboard in October. Target staffing is 9-12, and they will continue to hire technicians to capitalize on additional opportunities.
The growth potential for this already highly successful firm is huge. Lead generation is through the roof. They have to turn away service customers at this point and recently had 200 people on the wait list for site evaluations. Further, considering the popularity of heat pumps in Maine (thanks to generous state-sponsored incentives) coupled with the new EPA refrigerant regulations requiring eventual replacement of existing units, continued organic growth in this field should be expected.
The Seller is ready to focus more on other interests, so it’s time to hand off his company to a Buyer who has the enthusiasm to take it to the next level. He is willing to stay on for up to a year post-transition as he wants the new owners to be successful in driving the business to new heights.
