AC & Refrigeration Repair & Installation

Haiku, HI
Maui County

Serves the entire island of Maui


Asking Price: Annual Revenue:
$2,800,000 $4,889,803

Services: Construction, Contractors


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RE: AC & Refrigeration Repair & Installation Broker: Cortney Sells
Owner Financing is Available!
12.5% Buyer Down Payment $350,000 12.5% Seller Financing or Equity Roll $350,000 75% Bank Loan $2,100,000 A 12.5% down payment of $350,000 returns $409,465 in the first year after debt payments! A 12.5% down payment of $311,250 returns $515,215 in the first year after debt payments!

Quick Facts

Asking Price: $2,800,000
Annual Revenue: $4,889,803
Net Profit: Not Disclosed
Cash Flow: $770,737
Total Debt: Not Disclosed
FF&E: $1,395,000
Real Estate: Not Disclosed
Year Established: 1997
Employees: 16
BBN Listing #: 143034398
Broker Reference #: TRA027-b

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Business Overview:

This established HVAC company located on Maui is known as the #1 refrigeration and air-conditioning company because of their excellent customer service and prompt quality repairs. Established in 1997, they have an excellent team of 16 employees, including trusted technicians, office staff, and installation managers. They split their time between service and installation, with 75% repeat clients on the service end and 50% repeat clients for installation. All of this work equates to an average monthly revenue of $400,000. Due to the excellent reputation and efficient team, the owner of this successful HVAC company enjoys 3-4 months out of state each year!

The owner has built a solid customer base and provides services to commercial clients like condos, shopping malls, retail stores some of which have relationships with this company spanning 20+ years. Operations are managed from a large 6,000 square feet location in the Kahului area. The office has 2,000 square feet of space and the remaining 4,000 square feet is dedicated to their warehouse and sheet metal shop. The owner currently focuses on general financial and business oversight as well as the bidding process.

Priced at $2,375,000, there is tremendous growth potential for a new owner. The company does no marketing; the only advertising they do is from their website and ads on their trucks. Over the years, all of their business has come from word of mouth due to the excellent service they provide. Implementing a marketing strategy would certainly boost sales. A 12.5% down payment of $296,875 returns $529,922 in the first year after debt payments – a 179% return on investment!

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Property Features and Assets:

Assets Included in Purchase: $1.5M • Vehicles: $1.2M - 15 trucks • Equipment: $195K - Forklift, Sheet metal equipment, misc. tools, computer systems • Inventory: $105K • Backlog: $800K • Pipeline: $2M+ • Intangible Assets: Reputation for excellent customer service and quality prompt repairs

Reason for Selling:

Retirement planning.

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.

Documents:

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