Heating & Air – Priced to Sell

Johnstown, PA


Asking Price: Annual Revenue:
$290,000 $517,741

Services: Home Improvement, Repair, Painting


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RE: Heating & Air – Priced to Sell Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $290,000 10% Buyer Down Payment: $29,000 10% Seller Financing: $29,000 80% Bank Loan: $232,000

Quick Facts

Asking Price: $290,000
Annual Revenue: $517,741
Net Profit: Not Disclosed
Cash Flow: $131,250
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1945
Employees: 5
BBN Listing #: 629134398
Broker Reference #: SER047

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Business Overview:

Amazing HVAC business in Johnstown – their doors have been open for over 75 years! With 2PT (focused on office and bookkeeping functions) and 3FT installers and service technicians, one owner focuses on business oversight and sales expansion (does not perform equipment installs or service). The other owner performs 35% of the service work, which can be absorbed by other existing employees. Both owners are willing to stay on up to 1 year to ensure a smooth transition.

Client base breakout is 60% residential and 40% commercial. The average ticket for equipment, installation, materials, and other related services is around $3,500. This business is now selling at a 2.2 multiple.

The business generally carries $40,000 in standard inventory. Accounts receivable for commercial jobs runs $16,000 on average. This business has positive web traffic, with 20% of new residential customers coming via website.

Business calls for new building and remodeling installs are currently being turned away. Expanding sales and repair services, as well as increased marketing are also opportunities for growth.

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Property Features and Assets:

Lease: $3,334/month.

Market Competition and Expansion:

Growth Opportunities: Expand sales and repair services; work with contractors for new build and remodel installs (currently turning that business away); expand marketing.

Reason for Selling:

Retirement

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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