HVAC Installation & Maintenance in NYC

New York, NY
New York County

Metropolitan New York


Asking Price: Annual Revenue:
$4,390,000 $11,766,108

Services: Construction, Contractors


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RE: HVAC Installation & Maintenance in NYC Broker: Seller of Business
Owner Financing is Available!
Purchase Price: $4,390,000 10% Buyer Down Payment $439,000 20% Seller Financing or Equity Roll $878,000 70% Bank Loan $3,073,000 A 10% down payment of $439,000 returns $756,916 in the first year after debt payments!

Quick Facts

Asking Price: $4,390,000
Annual Revenue: $11,766,108
Net Profit: Not Disclosed
Cash Flow: $1,362,738
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 1989
Employees: 24
BBN Listing #: 845634398
Broker Reference #: TRA026

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Business Overview:

This full-service HVAC and mechanical contracting services company has been established for nearly 40 years with an average client tenure of 10 years! They have 40-60 active maintenance clients and a 90% recurring construction client base. Their construction capabilities include mechanical contracting services for both negotiated and competitive-bid projects (10%). They also provide project consulting services, design and implementation of temperature controls, and any work required for air conditioning, heating, refrigeration, and process piping systems. 85% of revenue is from new construction while 15% is from maintenance and repair contracts. The company’s average project size is $1.5M.

The company has 22 employees with a highly experienced team including the founder, senior project manager, chief estimator, and head of sales. Project managers use the most recent technical and computer-aided resources, along with extensive hands-on experience to ensure their competitive performance. They have successfully completed tens of millions of dollars’ worth of construction projects in many industries, including education, government, medical, office, and high-rise since 1987.

Their HVAC service team specializes in commercial air conditioning service, maintenance contracts, equipment changes outs, and troubleshooting. They also provide design services, new installations, equipment inspections, and system evaluations. The company was established in 1982 and since 1987, they have been a leading mechanical contractor in New York. They operate out of a 4,000 square foot office which includes 5 private offices, a small storage area and 10 open workstations. They have assets worth $150,000 that include 6 trucks, 6 cars, 15 desktops, 2 copiers and 2 printers. Priced at $4,390,000, a 10% down payment of $439,000 returns $756,916 in the first year after debt payments – a 172% return on investment.

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Property Features and Assets:

• Building: 4,000 square feet office space with 5 private offices, a small storage area and 10 open work stations • Lease: Up for renewal in February 2021, $11,000/month, sublease small space for $2,400/month.

Reason for Selling:

Retirement Planning

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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