Established HVAC Service & Installation Company

Business Overview:

This business has been serving the local market for almost 50 years installing, servicing and maintaining residential and commercial HVAC equipment. The business was founded and run by family until its sale to the current owner/operator.
37% commercial install, 30% residential install, 29% service, and 4% maintenance agreements. Published reports estimate growth in the 25% range over the next five years.
The owner works approximately 20 hours per week and believes that the business could be run absentee with the right manager/technician.
Inventory is not included in the asking price. Inventory, which includes primarily coolant, fluctuates over the course of a year and will be sold at cost anticipated to be less than $5,000.

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Property Features and Assets:

Facilities: The business is operated out of a small office and separate home office with a warehouse for tools, service parts, equipment, sheet metal, metal fabrication equipment, records, etc.

Market Competition and Expansion:

Competition: Reputable competition exists, but most competitors are one man and a truck competing primarily on price. This company is not the least or most expensive in the market and has loyal clients. This business is known for being on time, doing quality work at a fair price with a repair guarantee. Potential Growth: New owner could jump start new business growth by engaging on social media. The business has not launched indoor air quality products such as UV lights, electrostatic filters, HEPA solutions etc. New owner could also expand into internet enabled thermostats, home integration and customization. Owner could hire an outside sales professional and/or work a full 40 hours/week.

Reason for Selling:

True Retirement

Additional Details:

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