Under LOI - Residential and Light Commercial HVAC Sales and Service

Michigan
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Sale Pending
Cash Flow:$395,000
Inventory:$225,000
Established Year:1998
Gross Revenue:$2,270,500
FF&E:$350,000
BUSINESS DESCRIPTION

Under LOI - This established and highly profitable HVAC company specializes in residential replacement and service. There is room for growth in several nearby markets as new construction expands in many rural communities as well as with some increased marking to mature subdivisions in the lower Mid-Michigan and Southwestern Michigan regions. This business has seen great success in providing warranty service as well as and supporting contracts for ongoing upkeep and needed maintenance.

The business has focused on traditional residential heating and cooling services with some light commercial work when and where appropriate. The owners are excited to find the next person to continue to serve the communities they service and possibly expand services as new technologies emerge in indoor air quality, higher efficiency units come to market, and alternative fuels and energy source become more mainstream.


DETAILED INFORMATION
Location
Michigan
Inventory
Not Included in asking price
Real Estate
Owned
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
-Centrally located to service many smaller towns in Southwest Michigan with access to major roadways -Zoned Commercial with low local taxes -50X60 Steel constructed with recent additional storage added and a 2022 24×60 building for vehicles
Competition
-There are a few local competitors, however they have been around the longest, with the largest customer base -No local competition for outdoor wood furnaces -Services a large rural base which makes it hard for a competitor to enter this market
Growth & Expansion
-Expand current staff to be able to service additional surrounding areas -Increase online presence and social media -Opportunities in commercial work as most is residential -Add refrigeration as that is not currently offered
Support & Training
-Seller will provide a reasonable transition and training support to create a smooth change in ownership -Seller is open to longer engagement beyond the initial transition depending on terms
Reason for Selling
Looking to retire and find the right fit to continue to provide services to loya
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E. Brad
Scoffin
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E. Brad Scoffin