SBA-Qualified Commercial HVAC Company of 40 years

Not Disclosed, MI

SE Michigan

Asking Price: Annual Revenue:
$4,950,000 $5,048,012

Services: Construction, Contractors

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RE: SBA-Qualified Commercial HVAC Company of 40 years Broker: Ken Lee
License #: MI 6505426729

Quick Facts

Asking Price: $4,950,000
Annual Revenue: $5,048,012
Net Profit: Not Disclosed
Cash Flow: $918,624
Total Debt: Not Disclosed
FF&E: $764,563
Real Estate: Not Disclosed
Year Established: 1980
Employees: 27
BBN Listing #: 592459995
Broker Reference #: 219-20553

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Business Overview:

$1M+ Average adjusted net income over the past 5 years! Established commercial HVAC company with a 40-year track record. The Company has developed a broad industry-diverse customer base. While it has established niches in restaurants and fitness, the company's years of experience, tenured staff, and strong management team have enabled the Company to endure the inevitable business cycles throughout the decades. Major clients come from real estate, property management, hospitality, healthcare, professional buildings, manufacturing, retail, schools, municipalities, places of worships, clubs, and multi-unit franchises. 2020 is proof of the durability of this company and its tenured staff of over 25 employees in the installation and service divisions, The company also has a small products division that resells under its own brand. The Company is also developing a niche within Michigan's burgeoning cannabis industry. This business has been pre-qualified by SBA lenders. For additional information please contact listing agent Ken Lee. Please use email reply button of this ad to contact us.

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Property Features and Assets:

The company is based in SE Michigan with service trucks dispersed for efficient access to customer sites While most business is conducted in SE Michigan, the company serves the entire state. The facilities are owned, and can be leased from the Seller at fair market rent. The Company currently occupies a 3,000 square feet office and 6,500 square feet shop, and there is room for expansion. The Buyer may also purchase or have an option to purchase the facilities, which are not included in the sale price. Such a purchase would need to accommodate a 1031 Exchange.

Market Competition and Expansion:

With a solid reputation built over decades, the Company enjoys a strong referral base of general contractors and other building industry players, multi-unit and single store franchise owners, and its large historical customer base. Growth & Expansion:The Company does no marketing and has no sales staff. It is quickly developing a niche in the booming cannabis industry, just it has developed a track record and reputation in earlier niches throughout it's 40 years in business. Additionally, it does not proactively sell or attempt to penetrate existing niches where it has developed satisfied clients, simply allowing word-of-mouth to bring in business.

Reason for Selling:

Transition to Retirement.

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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