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Business Listed by

Sunbelt Charlotte

Contact: Bill Law
Office Phone: 704-897-8232
Mobile Phone: (704) 644-1141 Direct Line
Listing ID: CHARLNC001-N761

North Florida Round and Spiral HVAC Ductwork Manufacturer for sale

Financial Information

  • Asking Price: $690,000
  • Gross Revenue: $1,500,000
  • Cash Flow: $180,000
  • Down Payment: ON REQUEST
  • FF&E (Included): $140,000
  • Inventory: $111,000
  • Financing: Yes

Business Location

  • Northern Florida
  • Florida
Primary Business Category:

This company is a Round and Spiral HVAC Ductwork Manufacturer in North FloridaThe facility is capable of doing about $2.5 Million per year and this would require hiring two or three more people and adding one forklift. All work is light gauge. No customer accounts for more than 5% of their work and there are over 100 customers - many of which are repeat customers.Typical customers include sheet metal companies, mechanical and Air Conditioning companies. All jobs are sold direct and they do not use reps. In terms of increasing profitability, the owner believes it would be good to get into more sound atinvators which involves 3 to 4 inches of insulation. There would be higher margins in this work and you would not be shipping as much air given the ductwork is generally bulky and light weight.Most of the work done by the owner involves shop layout, purchasing, dealing with customers and estimating. The company uses SAGE software. The equipment is older but is in good working order. They have two spiral roll machines which makes the longer pieces of ductwork. When taking into account the pipe machine, ovalizer, coil line and tooling, the equipment value is closer to $250,000. Labor accounts for about 20% of the cost while material costs are about 37%. Whenever there is an increase in material costs, this is passed on to the customer.Facility: 42,000 SF zoned Industrial on approximately 2.4 Acres. The real estate is offered for sale at $925,000 and may be subject to a third party appraisal. It was previously tested and had a clean environmental report. They have been in this facility since 2000.The company does not own any trucks and uses a third party to ship out their product. The company pays $2,000 per month in perks for the owner plus another $2,500/mo. in credit card expenses for the owner. The owner is receptive to a reasonable training and transition period for the new owner.Contact the listing broker, Bill Law at 904-819-6930 or email [email protected]

Competition Description

Growth / Expansion overview

Support / Training Comments

Seller will negotiate a transition period

Financing Comments

  • Home Based: No
  • Year Established: 1991
  • Franchise: No
  • Year Acquired: 2016
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences: Business

  • Is Property Leased: No
  • Real Estate Available: Yes
  • Real Estate Included: No
  • Real Estate Value: $925,000
  • Real Estate Asking: $925,000
  • Days Open: Monday-Saturday
  • Hours Open: Mon-Thurs 7-4; Fri 7-12; Sat 6-11
  • Fulltime Employees: 17
  • Part time Employees: N/A
  • Is Management Staying: No
  • Distressed: No
  • Monthly Payroll: $0
  • Building Size: 42,000 sq ft
  • Monthly Rent: N/A
  • Lease Terms: Located on 2.4 Acres

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