Seller's Contact Information
- RE: HVAC – SF BAY AREA LOCATION. OFFER IN PLACE.
- Contact: John Irvine
- License #: 00988287
Quick Facts
Asking Price: | $825,000 | |
Annual Revenue: | $2,398,567 | |
Net Profit: | $326,670 | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 1991 | |
Employees: | 8 | |
BBN Listing #: | 686830396 | |
Broker Reference #: | Not Disclosed |
Business Overview:
A family owned and operated air conditioning and heating company, after more than 30 years of successful sales and service is for sale.
Areas served include from Pleasanton to Vallejo and from Lamorinda to Antioch.
They specialize in installing, servicing and repairing residential and commercial heating and air conditioning systems.
Open Monday thru Friday, closed on weekends.
Average yearly gross sales around $2.5 mm with net to owner about 10%.
The fixture and equipment list includes 11 vehicles.
Approximately 4000 square foot leased premise plus yard for around $1. square.
Presently 8 full time employees plus working owner – seller looking forward to retirement.
Gross sales for 2021 were reported at $2,398,567. with net at $326,670.
SBA pre-approved for $825K.
The books and records have been reviewed by an SBA lender, pre-approving the business for a 7a loan for a qualified buyer.
A California Contractor’s license is needed for the buyer.
No RME. This is a Union employer
For more information on this profitable business please write the listing agent for standard non-disclosure agreement.
DISCLAIMER: The information has been supplied to the Broker by Seller. Broker expressly disclaims any and all liability for representations of warranties, expressed or implied, contained in such information, or for omissions from them. Broker believes the information to be correct, but has not verified or checked it. Any agreement or decision by buyer to pursue a transaction regarding this business should be based on further investigation by the buyer.
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Property Features and Assets:
Sales taken from tax returns; 2021 gross = $2,398,567. Net = $326,670. 2020: gross = $2,686,886. Net = $257,598. 2019: gross = $1,927,922. Net = $213,038. 2018: gross = $1,943,295. Net = $218,990. (not including add-backs)
Market Competition and Expansion:
No advertisement is being done - business by word of mouth. By adding a marketing and advertising plan, should increase revenues.
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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