Seller's Contact Information
- RE: Park City Residential HVAC Company
- Contact: Eric Sorensen
Quick Facts
Asking Price: | $2,500,000 | |
Annual Revenue: | $3,120,001 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $532,512 | |
Total Debt: | Not Disclosed | |
FF&E: | $707,711 | |
Real Estate: | Not Disclosed | |
Year Established: | 2006 | |
Employees: | 11 | |
BBN Listing #: | 28564955 | |
Broker Reference #: | 7405-17609 |
Business Overview:
The Company is a leading residential HVAC company that provides top-quality heating, ventilation, and air conditioning services to homeowners in Park City and throughout the Wasatch Front. Since its founding in 1996, the Company has built a reputation for delivering excellent customer service and expert workmanship. In addition, the Company has extensive experience with high margin boiler install, maintenance, and service.
Approximately 82% of revenue in 2022 is attributed to residential install with the balance of work attributed to residential & commercial service. The Company holds hundreds of signed service contracts with residential and commercial service. Examples include; police stations, libraries, ski resorts, etc.
The business has been setup to run itself with critical operating duties shared between various key employees. This affords the owners the flexibility to be away from the office for long periods of time with no impact to business operations.
The Inflation Reduction Act of 2022 provides significant subsidies and incentives for homeowners to upgrade their existing HVAC systems to one that is more energy efficient. This large subsidy is expected to be a large windfall of revenue for owners of residential HVAC companies.
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Property Features and Assets:
Leased commercial space. Assets = $707,711
Market Competition and Expansion:
Moderate competition.
Reason for Selling:
Retirement.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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