Business For Sale

Minority Owned NYC HVAC company

Not Disclosed, NY
Queens County


Asking Price: Annual Revenue:
$500,000 $1,500,000

Services: Construction, Contractors


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RE: Minority Owned NYC HVAC company Broker: Carey Davis

Quick Facts

Asking Price: $500,000
Annual Revenue: $1,500,000
Net Profit: Not Disclosed
Cash Flow: $110,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2001
Employees: 6
BBN Listing #: 169735879
Broker Reference #: 6842-91523

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Business Overview:

Tax abatement laws allow companies to save significant dollars by using CERTIFIED minority owned subcontractors. This highly respected minority-owned HVAC company seeks to sell 30% of the company. The seller desires to turn much of the day to day operations over to the new partner. This will free up the seller/owner to concentrate on his strength: SALES!

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Property Features and Assets:

As NYC construction booms contractors are under financial pressure to meet minority-owned targets for sub-contracts. This well-regarded minority -owned HVAC company seeks to sell a minority % of the business to a top player. You run the operation and day to day while the owner concentrates on what he does best-- Sell new clients and service existing customers.

Market Competition and Expansion:

One of the few certified minority-owned HVAC companies in New York City. As construction booms companies have hundreds of thousands of dollars at stake to meet minority-owned targets for sub-contractors. This well-regarded HVAC company seeks to sell 30 % of the business and maintain minority-owned status with all the tax credits available to customers. Perfect buyers include NYC developers, big property managers, GC's or a construction management team. Ideally, the new investor's company runs more of the sellers day to day operation enabling the seller/owner to concentrate on what he does best-- close new clients and service existing customers. The company is an authorized installer of one of the largest HVAC manufacturers which allows them to provide a 10-year manufacturers guarantee on labor and parts on residential installations

Reason for Selling:

Seeks merger with developer.

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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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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