Business For Sale

Heating & Air Repair and Install

Johnstown, PA


Asking Price: Annual Revenue:
$405,000 $470,490

Services: Home Improvement, Repair, Painting


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RE: Heating & Air Repair and Install Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $405,000 10% Buyer Down Payment: $40,500 10% Seller Financing: $40,500 80% Bank Loan: $336,000 A 10% down payment returns $64,762 in the first year after debt payments!

Quick Facts

Asking Price: $405,000
Annual Revenue: $470,490
Net Profit: Not Disclosed
Cash Flow: $128,857
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:

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 years
Location and Service Area: Johnstown, Pennsylvania
Client Demographics: 60% residential/40% commercial
Average Ticket: $3,500 for equipment & install with other related services at time & material
Website: 20% of new residential comes via website
Reason for Selling: Retirement
Employees: 2PT (office & bookkeeping); 3FT installation & service
Hours: 8-4:30 M-F; 24 hr. service available
Seller Training Period: 6 months
Growth Opportunities: Expand sales and repair services; work with contractors for new build and remodel installs (currently turning that business away); expand marketing
Current 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:

  • 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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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