Premier mid-Michigan Residential and Commercial HVAC contractor
Michigan
| Asking Price: | $680,000 |
| Gross Revenue: | $1,000,000 |
| Rent: | $27,500/Year |
| Established Year: | 1953 |
| Cash Flow: | $200,000 |
| Inventory: | $200,000 |
| FF&E: | $50,000 |
Listing ID: 2219939Listing provided by BizBuySell
BUSINESS DESCRIPTION
For over 70 years, this Company has been committed to providing customers quality and value for their HVAC needs. The Company is a leading contractor for residential and light commercial projects.
The Company offers nationally known brands of energy saving furnaces, air conditioners and accessories. They are all quality built to give satisfaction for years.
Forced air furnaces, boilers, central air conditioners, electronic or media air cleaners, humidifiers, rooftop units, water heaters, bath fans, fireplaces, zone systems, duct work, plumbing fixtures and piping installations.
DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Leased
Building SF
5,000
Lease Expiration
01/03/2026
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Sale price includes all trucks and equipment necessary to service and install HVAC equipment, including sheet metal fabrication in the shop. Also includes FF&E for tracking customers, suppliers, scheduling and administrative functions.
Sale price also includes $200,000 in inventory, accounts receivables less accounts payable.
Competition
Market has been stable and growing. Several competitors have exited the market over the past 4 years. A total of 4 competitors remain with varying degrees of capabilities.
Growth & Expansion
Company has been operated as a lifestyle business for the past 5+ years with a focus on repeat customers and no expansion activity. Growth initiatives could include: 1) Advertising & promotions, 2) Additional strategic relationships, 3) Expanded services, 4) Dedicated sales staff.
Forecasts are based on management expectations and are not a guarantee of future performance.
Financing
Seller financing available. Financial forecasts are based on management expectations
Support & Training
Owner is willing to assist with transition activities, including training, introductions to key suppliers, key customers, understanding employee capabilities, etc. Transition activities would be expected to take 15-45 days.
Reason for Selling
Owner is retiring.
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