Popular Commercial & Industrial HVAC Company

Not Disclosed, CO
Boulder County


Asking Price: Annual Revenue:
$825,000 $1,183,000

Services: Construction, Contractors


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RE: Popular Commercial & Industrial HVAC Company Broker: Seller of Business

Quick Facts

Asking Price: $825,000
Annual Revenue: $1,183,000
Net Profit: Not Disclosed
Cash Flow: $386,000
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 1975
Employees: 5
BBN Listing #: 55372035
Broker Reference #: 4148-BM

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Business Overview:

This is northern Colorado’s oldest Commercial Refrigeration sales and service business selling refrigeration equipment, ice makers, and HVAC equipment as well as servicing the same. They also service and install environmental chambers, cryogenic freezers, laboratory equipment, and chillers used in research, medical, and other fields. The current owner started with the company in 1988 as a service technician and quickly worked his way up to general manager. He bought the business with a partner and bought the partner out in 2005. This business has boundless potential as it is considered the “go to” business in everything commercial refrigeration oriented in northern Colorado. They receive calls on a weekly basis from national companies asking them to do installations or troubleshooting on new equipment in the region. They are the service provider for the Wendy’s and McDonalds restaurants in northern Colorado and southern Wyoming and are the sole refrigeration service provider for Cargill’s research laboratory in Ft Collins. They also sold and installed all the refrigeration equipment for the Noosa Yogurt plant in Bellvue, Colorado. Don’t miss out on the SBA making your first 6-months loan payments for you. Act now and close by September 27th. Rates are lower than ever.

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Property Features and Assets:

The business is located in a commercial shop condo complex. They currently have 6 service vans, one of which is in standby waiting for another service technician, and a pickup truck with a lift gate for picking up and delivering equipment. Each service van is well stocked with common components needed to avoid unnecessary trips for parts. Their service model is to provide timely service since most of their clients have critical needs. Although not making trips to the parts warehouse while “on the clock”, which is typical in the HVAC industry, may cost some profitability, it is a company policy that has created a very loyal client base that appreciates honesty and reliability.

Market Competition and Expansion:

The demand for good, honest refrigeration service is growing exponentially and they see no limit to possible growth opportunity. Industries and institutions seem to be reversing their trend towards in-house maintenance, especially with specialty equipment, due to a lack of skilled people to fill those positions. If there is a limit to growth it is the lack of skilled technicians. There is already an extra service van stocked & ready for the next technician. They have turned away probably 100 potential new customers per year the past three years and two of their “competitors” are even referring clients to them. In the words of the owner, “The potential for growth is huge but I have been operating [the business] for 25 years and I am ready to move forward to retirement.”

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.

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