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Disclaimer: This site is hosted by Marathon Management Services, LLC (MMS). Each Sunbelt office is independently owned and operated. The information in this listing has been provided to the listing Sunbelt office by the business seller and should be verified by a qualified third-party. MMS, including its affiliates, has no stake in the sale of the business, has not verified any of the information and, therefore, assumes no responsibility for its accuracy or completeness. Read MMS's Terms of Use before responding to this advertised listing.
PDFFamily Owned & Operated HVAC Company
Listing ID:
CHARLNC001-N510
CHARLNC001-N510
Charlotte Metro, North Carolina, United States
Plumbing, Heating, and Air-Conditioning ContractorsListing Status: Active
The following broker is assigned to this listing:
B.M. "Buddy" Guin
bguin@sunbeltbrokers.bizCell: (704) 827-4448
Description
This 23 year old Heating, Ventilation & Air Conditioning Company is located in the southern Piedmont next to the Charlotte metro area. The company has a database of approximately 3,000 customers with 800 renewable service contracts that ensure ongoing cash flow. Revenues averaged $1.5 million the past 3 years with profit margins running around 40%. Ninety percent of the work is service and preventative maintenance with only 10% revenue from commercial and no new construction. The average length of service for employees is 8 years.
The seller owns the ¾ acre property and agrees to lease it at below-market value. This company is also a licensed plumbing contractor. The company maintains “Comfort Specialist” rating by Trane and has a very high approval-inspection ratio. Assets include 4 vans, 4 trucks and one trailer. The reason for sale is the owner’s retirement. The manager will stay. Owner will provide financing on a buyer for buyer basis.
What is interesting about this business is that it maintained sales and profit margins during the down economy. The company’s motto is “Family sells it, family installs it”.
Financials
| Asking Price: | $845,000 |
|---|---|
| Revenue: | $1,500,000 |
| Cash Flow: | $315,000 |
| Downpayment: | NEGOTIABLE |
| Monthly Payroll: | $0 |
| FF&E Asking Price: | $50,000 (Included in Asking Price) |
| Inventory Asking Price: | $30,000 (Included in Asking Price) |
| Financing Available? | Yes |
Property
| Type: | Leased |
|---|---|
| Building Size: | 3,000 sq ft |
Other
| Franchise? | No |
|---|---|
| Homebased? | No |
| Relocatable? | No |
| Year Established: | 1988 |
| Year Acquired: | 1988 |
| Full-Time Employees: | 11 |
| Part-Time Employees: | N/A |
| Reason For Sale: | Retirement |