Business Overview:
This HVAC business, located in New York City, provides general contracting and sub-contracting services, specializing in pipe and steam fitting installation, service and repair. It is located in a region of the country that is experiencing substantial growth in the construction industry. Consequently, this well established business is positioned to grow and prosper with the right ownership.
The company's primary source of work comes from the New York City School Construction Authority. Most of the work they do is in NYC public schools, colleges and universities. They are well-known in this area.
At any particular time there is typically $200,000-$500,000 in "Work In Progress" jobs that have not yet been completed. These Work In Progress jobs will be included in the sale. The exact amount to be determined during negotiations. At the current time, the business sale would include $200,000 in uncompleted Work In Progress jobs. Based on an average margin of 17%, the profit projected for this work is $34,000.
The business has good books and records, with verifiable financials.
Because this seller is eager to retire he will consider all reasonable offers.
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Property Features and Assets:
The Warehouse, Shop and Office are in a 4,000 sq. ft. stand alone building. And there is a 3,000 sq. ft. lot adjacent to the building.
Market Competition and Expansion:
Their receive their primary work from the Public Sector; particularly the NYC School Construction Authority. But there are also many untapped opportunities in the Private Sector that this business would be capable of competitively bidding on.
Reason for Selling:
Retirement.
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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