The HVAC Company was started by the seller in middle of 2019 and has averaged a 500K sales growth per year the past three years (2019-515K) (2020-1M) (2021-1.6M). The seller retired and moved to the beach, become bored, so he started another HVAC company from scratch in July, 2019 and grew it into a 1.6M dollar company in a little over 2 years and is expected to hit 3M in sales by the end of 2022.
The company was started and managed by one of the most experienced residential and commercial HVAC persons in North and South Carolina. The company basically runs itself with it's seven highly experienced employees plus the owner. So a buyer does not have to possess previous HVAC experience; just some management skills.
The company averages profit margins of 30% to 40% per year. The company's home office is located in the FASTEST GROWING COUNTY in North Carolina and one of the largest. It serves the coastal plains from Wilmington, NC to Myrtle Beach, SC. The seller is retiring for the second time and is willing to sign a noncompete that he will not start another HVAC company or go to work for another HVAC company for 3-5 years and 50-100 miles.
The seller is willing to do some owner financing on a buyer for buyer basis. For more information, please contact Southern Mergers & Acquisitions/Sun Belt Business Brokers.
Financial Information
$995,000
Asking Price
$200,000
Cash Flow
$1,600,000
Gross Revenue
On request
Down Payment
Yes
Financing
Business Location
City:
Brunswick County
State:North Carolina
Financing Comments
Seller will consider some financing for a qualified buyer
Save
