Business for Sale Overview:
Just listed in the Charlotte area a booming refrigeration and HVAC business. The business was started eight years ago by the original owner. Owner wishes to retire from the HVAC business. Asking price is only $1.25 Million. 2008 cash flow of about $600k and 2007 cash flow was $700K. 2006 and 2005 cash flow was approximately $500K. Asking price includes 2$0K in furniture, office equipment and fixtures, and $120K in vehicles--trucks and vans. There are eight employees--including the owner. There is an office manager, supervisory service tech, and a dispatcher. Total sales grew by 50% the past three years to its current $2M in 2007. 2008 sales is tracking aproximately the same as 2007. The business primarly focuses on installation and repairing of convenience store refrigeration and HVAC. They have contracts already in place for some convenience stores in North Carolina and South Carolina. Emphasis is being placed on moving into the Georgia and Florida markets where some work is already being done. They also service refrigeration accounts with some of the public school systems in the area. The business is beginning to move into the HVAC service and retrofitting area of homes and business. The business has an excellent benefit package available for its employees. I ncluding among them are health insurance (100%), paid life insurance policy, long term disability, and participation in a 401K. Excellent benefit package enables the owner to hire and maintain good employees. The business office is located in a thriving industrial business park in a suburb of Charlotte, NC. Lease of $900 per month on 2000 square feet. Owner of the property is willing to enter into a 3-5 years lease. The owner will provide extensive training to the buyer during a period of transition and beyond, if necessary. Excellent investment opportunity with unlimited growth potential for the right individual.
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 office is located in a thriving industrial business park in a suburb of Charlotte, NC. Lease of $900 per month on 2000 square feet. Owner of the property is willing to enter into a 3-5 years lease. Support/Training: Extensive training provided during a period of transition and beyond, if necessary.
Reason for Selling:
Retirement.
Additional Details:
- The property is leased.
- 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.