Business Overview:
Originally founded in 2008, the HVAC business has grown to be one of the leading providers of HVAC services in the central North Carolina area. The business offers a variety of HVAC services ranging from AC maintenance and repair to AC equipment replacement. The business holds longtime success in the HVAC service industry primarily due to their dedication to customer satisfaction and honest business practices. The business is able to beat competing HVAC service firms by providing services on the same day they are requested, along with ensuring that services are performed correctly the first time. When combined with their competitive pricing, customers are able to save time and money through contacting the company for HVAC services.
The HVAC business acquires a large amount of their customer base through word of mouth, which is owed to their strong reputation in the area. Unlike its competitors, the business also receives a notable amount of customers through their website and digital marketing efforts. The business uses a third-party service provider to help manage their online presence, market on social media and manage Search Engine Optimization (SEO). The business has several commercial accounts, but the majority of their customer base is residential.
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Property Features and Assets:
The HVAC business conducts operations out of a building that they purchased in 2017. This space is 4,500 square feet and mainly consists of warehouse space used for inventory storage, but it also includes a garage with a vehicle lift that is used for in-house vehicle service. Apart from this, the building has three offices, a conference room, and a retail space they use to sell common HVAC parts to customers.
The real estate is for sale with the business for an addition $250,000. Alternatively, the current owners would structure a triple-net lease with the new owner at a marginally lower rate than what the owners had historically charged themselves.
Market Competition and Expansion:
Although the current services offered by the HVAC business are strong in quality, there is potential for growth of the business as a whole by offering additional services. The business’s current HVAC services could be easily expanded to include plumbing and electrical services, which would allow the business to service more than just A/C systems. Other ancillary services, such as air duct cleaning and offering automated control systems, could be offered as well, allowing the business to becoming a one-stop shop for their customers’ home service needs.
Reason for Selling:
Retiring
Additional Details:
- The property is owned.
- 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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