Business Overview:
Confidential Information Memorandum (CIM) available upon receipt of our short online NDA.
The Seller attended plumber’s school in 1986 and opened his business in hopes of providing for his young family soon after graduation with a borrowed a truck and $500 in cash used to buy parts.
He found his first job in a day, made a living from day two; becoming profitable with equipment and assets within five years. Initially, he serviced commercial refrigeration units found in hotels and restaurants. More recently, his operations have centered primarily around the needs of a large homeowner’s insurance and product warranty company in the replacement or installation of furnaces and cooling systems. of revenue. The business has always been cashflow positive; the result of spending wisely and saving for rainy days.
Established for more than 30 years now, despite little advertising, the company and profitability grew; revenues reaching over a million dollars for a decade straight.
Declining sales are a direct result of the Seller intentionally reducing the current workload as he reaches retirement. The three technicians are highly qualified and would be able to keep pace and still perform quality work should a Buyer step up sales efforts.
The business has flourished as it changed focus to meet local demand, survived economic waves and is now a staple in the high-growth community.
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Property Features and Assets:
Facilities: The Company is run from an office and shop on a property owned by the Seller. A year’s lease at $1,100 per month will be offered to the Buyer.
Market Competition and Expansion:
Competition: The Company’s reputation and history has created consistent business year over year. There are many competitors, but they have not been a hindrance to his long success.
Growth & Expansion: The Business does little marketing. Launching advertising efforts aimed at local builders, commercial opportunities, and property managers revenues would likely increase quickly. Growing website and improving content and social media would help with branding and increasing positive online reviews. Hiring additional technicians and a salesperson could spur much growth.
Reason for Selling:
The Seller will support, train and mentor the Buyer.
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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