Commercial HVAC Company in Richmond, Virginia

Richmond, VA

Asking Price: Annual Revenue:
$1,750,000 $3,300,000

Services: Construction, Contractors

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RE: Commercial HVAC Company in Richmond, Virginia Broker: Gavin P Raphael

Quick Facts

Asking Price: $1,750,000
Annual Revenue: $3,300,000
Net Profit: $580,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $300,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 21948609
Broker Reference #: Not Disclosed

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Business Overview:

Light & Raphael is pleased to offer an established commercial heating and air conditioning company for sale in Richmond, Virginia.

This HVAC business has built a solid reputation in the community for being efficient and reliable. The owner set a standard day one and has adhered to a simple concept of providing great customer service at a reasonable price, high quality products, superior workmanship and attention to detail. A winning formula.

Revenues for this very profitable HVAC company are split roughly one-third new installations, one-third service work and one-third maintenance agreements. They do have a small plumbing division that accounts for less than 10% of revenues.

The company does no advertising but benefits from its strong reputation and recurring clients. The firm would benefit from a multi-faceted marketing campaign. The website, social media presence and advertising could all be upgraded.

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Property Features and Assets:

Location is leased. The lease is currently month-to-month but can be extended or a new lease signed.

Market Competition and Expansion:

The United States HVAC services market was valued at $11.45 billion in 2020, and it is expected to reach $16.56 billion by 2026, registering a CAGR of 6.4%, during the period of 2021-2026. The United States ranks high when it comes to HVAC systems. For instance, in the United States, more than 90% of households have air conditioning equipment, compared to just 8% of the 2.8 billion people living in the hottest parts of the world. The growing use of air conditioners in homes and offices around the U.S. will be one of the top drivers stressing the need for the HVAC services in the region.

Reason for Selling:

Owner wishes to retire.

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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