Owner Financing is Available
Business Overview:
The Owner of a highly successful Heating, Ventilating, and Air Conditioning (HVAC) company is willing to sell his business and retire. The Seller considers himself burned out after 33 years in that business. This HVAC business emphasizes new construction, and its customers are typically building contractors. The company is well known with a highly favorable image. It is located in a Middle Tennessee suburb that has been experiencing high growth, which is expected to continue for many, many years as the economic recovers. After acquiring this business, the Buyer can, if desired, put more emphasis on servicing existing HVAC systems. Many years of installing HVAC systems in new homes have provided a very large number of good customer leads for future service business. Due to the high level of growth in the area, excellent opportunities for growth are also available by adding additional building contractors as customers or by continuing to serve existing customers as the contractors continue to grow their businesses. This business has been very successful since its inception 23 years ago, and has served many of its customers for over 20 years. The business includes an almost new building in a choice industrial and office park in an excellent location. 2007 and 2006 sales and cash flow were in the vicinity of $1.15M and $200K, respectively, each year. This business has been prequalified for an SBA loan.
Furniture, Fixtures, & Equipment: $75,000
Vehicles and / or rolling stock: $35,000
Inventory: $45,000
Accounts Receivable (if included): $-0-
Land and Building (if included): $325,000
Other Assets: $25,000
Current Liabilities to be assumed: $-0-
Current Notes to be assumed $-0-
Asking Price: $650,000
Down Payment: $97,500
Annual Sales Volume: $606,000
Cash Flow: $68,000
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The business includes an almost new building in a choice industrial and office park in an excellent location.
Market Competition and Expansion:
The company is well known with a highly favorable image. It is located in a Middle Tennessee suburb that has been experiencing high growth, which is expected to continue for many, many years. In addition to receiving the relationships with several building contractors, the Buyer will transfer the company’s licenses and permits to provide HVAC services in that suburban county. After acquiring this business, the Buyer will be free to increase the servicing of existing HVAC systems business segment. Many years of installing HVAC systems in new homes have provided a very large number of good customer leads for future service business. Due to the high level of growth in the area, excellent opportunities for growth are also available by adding additional building contractors as customers or by continuing to serve existing customers as the customers continue to grow their businesses.
Reason for Selling:
Seller considers himself burned out after 31 years
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.