Under Contract - Commercial HVAC & Refrigeration Company

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This profitable and long-established Heating, Air Conditioning & Refrigeration Company serves customers throughout Southern California. Their 27 commercial customers, with most having multiple locations, are in the retail, food service, automotive and financial services industries. They provide expert service, preventive maintenance, repair and retrofits of all major heating, air conditioning and refrigeration brands. The average size of their client’s units is 7-1/2 to 15 tons with some at 30. Revenue is 95% commercial with 90%+ of their work being repeat and referral. The average length of service for their employees is over 6 years.

Real estate is owned separately and is available for lease at its current below market rate. C-20 and C-38 Contractor’s licenses are required to operate the business and the owner is willing to continue as an RME with their licenses.

Their unique business model coupled with very efficient 24 hour dispatch, quote and billing systems results in above average profits. Their Yelp rating is 5 Stars. Excellent accounting and tax records with few add backs. Pre-approved for SBA funding.

Financial Information

  • $695,000 Asking Price
  • $379,413 Cash Flow
  • $1,407,117 Gross Revenue
  • On request Down Payment

Business Location

  • City: Southern California
  • State: California

Reason for Sale

  • Retirement

Detailed information

  • Year Established: 1990
  • Home Based: No
  • Franchise: No
  • Relocatable: No
  • Lender Prequalified: Yes
  • SBA Prequalified: Yes
  • Full-Time Employees: 11
  • Part-Time Employees: N/A
  • Contractors: N/A
  • Owner Worked Hours/w: N/A
  • Adjusted EBITDA: On request
  • Inventory Included: No
  • Monthly Rent: $3,700
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Building Size: 4980
  • FF&E Included?: Yes
  • FF&E Value: On request

Training/Support

  • Seller will negotiate a transition period

Facilities

  • 4,980 sf facility at a below market monthly lease cost of $3,700 plus taxes and association fees.
Business Listed by
image of Broker Profile
D. Joe Atchison
Sunbelt of Riverside County
Listing ID
RIVERCA001-52292
License Number
01438544

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