Owner Financing is Available!
Business Overview:
Founded in 1970 and located in Northern Virginia, this company is a full-service heating, air conditioning and ventilation ( HVAC ) company servicing homes (95%) and businesses (5%). Over the last 5 years, revenues have averaged in excess of $2.7 million per year and adjusted EBIDTA has averaged over $500,000 per year. 35% of revenues are derived from service and repair, 35% from replacement, 15% from service agreements and 15% from new construction (less in recent years). The company has earned an excellent reputation and has won many awards. It is a premier dealer for 2 well-know HVAC manufacturers and services all brands of equipment. The company has over 1,200 maintenance agreements and over 25,000 active customers. The company has a stable, highly-trained and certified technician workforce (all employees - no subs). 12 service vehicles, $50,000 of inventory and a full sheet metal shop are included in the assets.
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 is headquartered in an approximately 7,700 square-feet office/warehouse condo conveniently located near major highways. Rent is $7,700 per month, triple net. In addition to the warehouse space and sheet metal shop, there is office space on the first and second floors, a training room, mailing room, two bathrooms, (one with a shower) and a kitchen/lunch room. There is plentiful parking.
Market Competition and Expansion:
Studies show that the $13.7 billion dollar US HVAC industry will grow 4.5% annually through 2013, driven by a recovery in residential housing and government incentives to buy more energy-efficient systems (10% credit with a cap of $500 for energy-efficient systems, 30% uncapped for renewable energy-based systems). Because of the recession and tight credit market, many homeowners have put off needed HVAC equipment replacement. Their HVAC equipment continues to age, causing pent-up demand waiting to be released.
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.
Resources: