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Services: Home Improvement, Repair, Painting
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Business Overview:
In business since 1945, this HVAC installation and repair business in central Pennsylvania has established a solid reputation and loyal customer base. Client base breakout is 60% residential and 40% commercial.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. Normal business hours are 8-4:30 Monday through Friday with 24-hour service available. The business generally carries $40,000 in standard inventory. Accounts receivable for commercial jobs runs $17,000 on average. Average ticket is $3,500 for equipment and install, with additional related services on a time and material basis. 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. Year Established: 1945; current owner 35 yearsLocation and Service Area: Central Pennsylvania Client Demographics: 60% residential/40% commercialAverage Ticket: $3,500 for equipment & install with other related services at time & materialWebsite: 20% of new residential comes via websiteReason for Selling: RetirementEmployees: 2PT (office & bookkeeping); 3FT installation & serviceHours: 8-4:30 M-F; 24 hr. service availableSeller Training Period: 90 DaysGrowth Opportunities: Expand sales and repair services; work with contractors for new build and remodel installs (currently turning that business away); expand marketingCurrent Owner’s Responsibilities: Owner 1: business growth and operations oversight (to be absorbed by new buyer); Owner 2: Performs 35% of service work (can be absorbed by other existing employees)
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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:
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