60% Collateralized -Maui AC Service and Install

Haiku, HI
Maui County

Asking Price: Annual Revenue:
$2,450,000 $3,677,379

Services: Non-classifiable

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RE: 60% Collateralized -Maui AC Service and Install Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $2,450,000 12.5% Buyer Down Payment $306,250 12.5% Seller Financing or Equity Roll $306,250 75% Bank Loan $1,837,500 *Over 60% Collateralized*

Quick Facts

Asking Price: $2,450,000
Annual Revenue: $3,677,379
Net Profit: Not Disclosed
Cash Flow: $528,666
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1997
Employees: 16
BBN Listing #: 143034398
Broker Reference #: TRA027

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Business Overview:

With $1.5M in assets and $2M in their pipeline, this leading air conditioning and refrigeration company has been serving the island of Maui for more than 23 years! The businesses sees an even split between service and installation; 75% of their maintenance and repair clients are recurring while about 50% of their installation clients are recurring. This company provides their AC, refrigeration, and sheet metal services to even the farthest areas of the Maui island and their average monthly revenue is $400k. Their service projects range from $200 to $50k while installations range from $30k- $500k. There are 16 employees on staff including service and installation managers, technicians, a sheet metal expert, assistants, and a bookkeeper. They are known as the #1 refrigeration and air-conditioning company on Maui because of their excellent customer service and prompt quality repairs.

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 $2,450,000, 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.

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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.


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