Business for Sale Overview:
HEATING AND PLUMBING CONTRACTOR in Upstate New York Lake George/ Lake Champlain rural area has no real regional competition. In business 25 years, the company has about 60% of its sales in seasonal HVAC cleaning and servicing, and the rest in various new installation works. With four fully equipped vehicles and a utility truck, ample tools and equipment and a loyal skilled non-union staff, it can tackle almost any challenge. The business has a recently built 2,400 sq. ft. shop/garage that houses its tools and an inventory of motors, controls, pipe, filters and the like. It also owns an adjacent attractive two-floor village office building with a professional tenant, a rental or potential new owner s - apartment, and a small administrative office. Sales in 2008 were $ 655,000, and produced business cash flow (EBIDO) of $ 158.000. The real estate and business are priced at $675,000 (incl. estimated inventory of $65,000). Someone with a HVAC, plumbing or construction background - or a another contractor - with $155,000 to invest can have this established business in a genuinely attractive lifestyle situation near vacation and Adirondack Park venues, and enjoy profits, a good business and above par return on his investment. The seller will consider a limited working role and support a congenial transition.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The business has four service vans and a utility truck, a loyal and stable non-union staff of four mechanics and an office administrator and a seller/ owner who does some field work. It has an owned office building (with a professional services tenant and a rental or new owner s- apartment). An adjacent recently constructed shop/garage of 2,400 square feet houses a $65,000 inventory of motors, controls, piping and tubing, filters and fixtures etc. and bench space.
Support/Training: Seller is staying in area and will assist in training and turnover of straightforward turnkey business. May consider a limited hands on working role.
Market Competition and Expansion:
Competition: There is little comparable HVAC competition in the area. Company does 60% cleaning and seasonal servicing, and rest is new installations of heating, air conditioning or plumbing. Area is stable, popular and has many existing and planned second homes due closeness to Adirondack Park and vacation spots.
Growth/Expansion: Area is growing and this is the only firm that has the resources and experience to capitalize on future expansion or add other products and services.
Reason for Selling:
Retirement.
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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.