Owner Financing is Available!
Business Overview:
The founders/owners/sellers of this outstanding 27 year old Michigan business built their company by establishing a reputation for outstanding service and quality the cornerstones for success in the HVAC industry. As both owners approach retirement they have decided to proactively seek the successor owner for their business. Both sellers are willing to stay on for a negotiated transition period.
The company, located in the eastern Michigan tri-city area of Midland-Bay City-Saginaw, is a fully licensed heating and cooling company serving the residential, commercial and industrial markets. The lines the company carries reads like a who’s who in the industry. As a certified Trane dealer, they are the primary service provider for approximately 1,600 active manufacturer warranty contracts, which provides a significant and steady revenue stream. The attractive and spotless 8,400 square feet headquarters (included in the sale) has a fully equipped shop with state-of-the-art equipment for fabrication of all their sheet metal needs. The real estate is ideally located on a major north-south highway which gives the company excellent brand name recognition. The company has averaged annual revenues of
$2.7 million the past four years with average annual SDE to the two owners of $368,000. The listing price of $1.79 million contemplates an asset sale which includes the real estate (appraised at $600,000 in 2011) and all fixed assets/vehicles (with a value in place of $400,000). The sellers will retain cash and accepted/rejected while retiring all liabilities. Inventory will be sold at cost. The sellers will carry a meaningful note for qualified buyers. For more information on this attractive business opportunity, please contact us. Please note that proof of funds and a confidentiality agreement will be required from prospective buyers.
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 company, located in the eastern Michigan tri-city area of Midland-Bay City-Saginaw, is a fully licensed heating and cooling company serving the residential, commercial and industrial markets.
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.