Profitable HVAC company that also installs geothermal!

Washington County, RI
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Sale Pending
Cash Flow:$535,000
Inventory:$100,000
Established Year:2000
Gross Revenue:$3,000,000
Rent:$1,800/Month
BUSINESS DESCRIPTION

This company has rapidly rising profits which the Seller says are sustainable due to a new pricing structure. Up 194% as of mid year! With 68% service and replacement and 32% remodeling/construction this company has an ideal mix of business. 2% is commercial and the balance is residential of multiple types. Geothermal makes ups 14% of the business and is a profitable area for further expansion. The staff is experienced and all licenses need to run the company are in place with current employees. This is a perfect add on for a synergistic or strategic buyer. Owner will assist for a smooth transition.

Financial Information:
Yearly Gross: $3,000,000
Cash Flow / SDE: $535,000 (2023)
Assets / FFE: included
Inventory: 100,000 (included)
Real Estate: $NA
Lease: $1800 per month includes utilities
Financing: Pending SBA Pre-Screen
Asking: $ Offers!!!!


DETAILED INFORMATION
Location
Washington County, RI
Inventory
Included in asking price
Real Estate
Leased
Employees
10
Facilities
6000 sf
Growth & Expansion
Geothermal and service
Support & Training
Owner will assist with smooth transition.
Reason for Selling
Owner is tired
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Gary Rayberg
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Gary Rayberg