Fast Growing Very Profitable HVAC Company

Not Disclosed, NC
Mecklenburg County

Asking Price: Annual Revenue:
$1,250,000 $2,250,000

Services: Construction, Contractors

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RE: Fast Growing Very Profitable HVAC Company Broker: George Bradbury

Quick Facts

Asking Price: $1,250,000
Annual Revenue: $2,250,000
Net Profit: Not Disclosed
Cash Flow: $430,000
Total Debt: Not Disclosed
FF&E: $189,600
Real Estate: Not Disclosed
Year Established: 2012
Employees: 20
BBN Listing #: 56976351
Broker Reference #: HVAC6 *716*

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Business Overview:

Business Description:
This business does conventional HVAC services; repair, installation and maintenance. Their business has a mix of residential change outs and service (50%), commercial contracting and service (50%)--No New Construction. They operate lean with 4 key employees and the owner to service the greater Charlotte, NC area. The company has a full charge bookkeeper, estimator and project manager, as well as a full-time sales and customer service representative. They have new equipment, began rotating out older service trucks which are being replaced with new Mercedes Sprinter vans and box trucks. There are 15 technicians, service and support staff. There are over $1,300,000 signed commercial contracts to be completed in 2021. The owner is ready to retire and turn over the business to someone with a bit more energy.

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Property Features and Assets:

Historical Summary: This business was began in 2012. The company has grown from humble beginnings operating out of the owner’s home to a warehouse/office building they own and occupy.

Market Competition and Expansion:

Their market area has much residential competition and some light commercial competition. There are only 3 or 4 other companies in the area with this company’s experience and diversity in heavy commercial and light industrial. Their tremendous growth rate is due in part to their excellent people giving outstanding customer service. The potential for growth is great due to the commercial and residential growth in their market. There are multiple opportunities that cannot be pursued do a lack of working capital. They have 20 + different companies asking for pricing daily on different types of projects. They can only meet the demands of 4 of these companies at this time. The company is poised to take advantage of this situation with new ownership that is well capitalized.

Reason for Selling:

The owner is 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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