Profitable HVAC & Plumbing Company

Not Disclosed, CO

Asking Price: Annual Revenue:
$699,000 $1,002,807

Services: Construction, Contractors

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RE: Profitable HVAC & Plumbing Company Broker: Grant Hamel

Quick Facts

Asking Price: $699,000
Annual Revenue: $1,002,807
Net Profit: Not Disclosed
Cash Flow: $267,900
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2019
Employees: 5
BBN Listing #: 6529708
Broker Reference #: 5534

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Business Overview:

The Company is a full service HVAC and plumbing company that sells, services, repairs, maintains and installs furnaces, air conditioners, humidifiers, thermostats, tank and tankless water heaters, boilers and zoning equipment. Quickly building a solid foundation in the area, the Company has become known as knowledgeable and dependable with the ability to complete high quality projects on time and within budget. The Company works primarily with residential and light commercial clients and are vendors for the top three warranty companies in the country. Their reputation for competitive pricing, responsiveness and reliability has established them as one of the most trusted service providers in the region. The Company has meticulously built a trusted reputation among contractors in the area by continually delivering high quality service performed by experienced and well trained technicians. Through providing quality workmanship and innovate solutions, the company has become an regional leader and acquires a significant amount of their business through repeat and referral customers. The Colorado Real Estate Market is booming and every home in the area has a heating system. With strong cash flow with no formal marketing plan in place the opportunities are numerous for this established reputable industry leader. Ready to pursue other interests, the current owners are looking forward to transitioning the business to a qualified purchaser.

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Market Competition and Expansion:

The Outlook is positive for this Company. Every home in the Denver area has a heating system and, every year, more and more homes are adding cooling systems as incoming buyers from the east and west coasts have trouble adjusting to the summer heat. Additionally, the strong residential market in Colorado continues to thrive and is contributing to the overall economic growth in the state. With property values outpacing the rest of the country, the HVAC industry is expected to benefit from an increase in both new construction and remodels of existing homes. The Company’s outstanding reputation, fair business practices, and top of the line service coupled with the strong market referenced above, set the stage for potential growth. The global HVAC systems market size was valued at USD 127.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.9% from 2021 to 2028. HVAC (Heating, ventilation, and air conditioning) demand is primarily driven by the advent of novel technologically advanced products, which are energy-efficient and can be remotely accessed. The use of natural refrigerants, such as CO2, coupled with increasing efforts by various governments across the globe to promote energy-efficient products is expected to drive the market. Furthermore, a paradigm shift towards the adoption of energy-efficient air conditioners that reduce costs and power wastage is expected to upkeep HVAC demand over the forecast period. Rising customer inclination toward comfort has increased the demand for HVAC systems. In addition to addressing the customer’s comfort demands, companies are developing products that offer several added benefits. These factors are anticipated to increase the product demand in the near future. The demand for HVAC units is growing across sectors, such as commercial, real estate, and service industries, due to the factors, such as the need for comfort, increasing global warming, and rising disposable income. The real estate industry has been one of the primary consumers of HVAC systems. The sector comprises four subsectors – retail, housing, commercial, and hospitality. The growth of the real estate industry is increasing owing to the rising demand for office space, sub-urban & urban accommodations, and the growth of the corporate sector, subsequently favoring the product demand. The spread of coronavirus has had a negative impact on the market in 2020 but is expected to provide impetus to the market in the long run. Owing to increased awareness about the health hazards caused by the impure surrounding air, more and more customers are investing in HVAC systems for purifying the air and creating a hygienic indoor environment. Thus, the pandemic has opened up new opportunities for the market participants.

Reason for Selling:

Pursue other interests.

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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