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 business has an established customer base, established operating systems and well trained employees. And it comes with an Inventory of about $102,500.
At any particular time there is usually over $1,000,000 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 $1,064,740 in uncompleted Work In Progress jobs. Based on a conservative margin of 18%, the profit projected for the current Work In Progress balance is $191,653.
The revenue decreased significantly in 2014 due to some health problems that the owner had been experiencing, in addition to his advanced age. Consequently, the seller has reduced the asking price significantly.
The decline in revenue bottomed out in 2015. It then rebounded in 2016 with an increase that was 23% higher than 2015, while the 2017 revenue increased 13% over 2016. More importantly, the business has experienced a significant increase in its 2017 cash flow, and is on target for an even larger increase in 2018.
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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. 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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