Long Established Profitable HVAC & Plumbing Co

Not Disclosed, NC
Moore County

Asking Price: Annual Revenue:
$1,250,000 $4,075,000

Services: Utilities: Electric, Gas, Water, Sanitary

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RE: Long Established Profitable HVAC & Plumbing Co Broker: George Bradbury
Owner Financing is Available!

Quick Facts

Asking Price: $1,250,000
Annual Revenue: $4,075,000
Net Profit: $334,000
Cash Flow: $334,000
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 1948
Employees: 29
BBN Listing #: 71646351
Broker Reference #: HVAC5 *716*

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Business Overview:

Owner is ready to retire and will work with a buyer for a seamless transition. This company has been the go-to enterprise for over 70 years for HVAC (60%) and plumbing (40%) needs in the area. With their dedicated and talented staff they service or replace units for their commercial (80%) and residential (20%) customers. This business operates out of a 5,000 square foot office/warehouse building. This fully certified firm operates in 11 cities/ markets where they have top-of-mind awareness and name recognition. They provide both HVAC, plumbing services and environmental to their large commercial customers. They currently have $2.5 million in signed contracts for upcoming jobs.

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Property Features and Assets:

The business operates in a 5,000 square feet office/warehouse building (4,000 square feet office First Floor & Second Floor, 3,125 square feet. Second Floor storage, 2,500 square feet. First Floor storage, 1,850 square feet heated and cooled metal shop. 1,500 square feet covered parking/storage area. There are two out buildings for equipment storage - one is 1,500 square feet (three sided) the other is 1,200 square feet (heated). These buildings sit on approximately 2 ½ acres. The owner of the company owns the real estate. A buyer has the option of continuing to lease the facilities for $8,000 per month (triple net) or buying for the appraised value (as well as buying additional adjoining property up to 10 acres).

Market Competition and Expansion:

There are several competitors in their market that do residential and light commercial jobs. However, this company is by far the largest, best equipped, and has the skilled employees to bid and win larger commercial contracts (including bonded work). The nearest competitors are located over 1 hour away. The owner has restricted the work to mostly a 35-mile travel area (however the company has some “special customers” that exceed that limit). He has also limited the job sizes to approximately $1M each (Plumbing & HVAC managed as separate jobs). If a new buyer is willing to increase that cap, there is more opportunity available. This company works at several area hospitals (as well as their satellite clinics). As the hospitals’ preferred vendor, they perform Plumbing, HVAC, & Medical Gas piping for maintenance work as well as new construction and renovations. This company works for larger privately-owned surgery clinics, adult care centers, schools (community colleges, as well as K-12), and some factories. This company does select military jobs for select contractors, however the opportunity for additional military work is almost unlimited. If a new owner is interested, there are tract housing and new construction opportunities available also.

Reason for Selling:

Owner retiring.

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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