Business Overview:
The Company provides residential and commercial heating and cooling solutions throughout Utah and Salt Lake counties. Founded in the early 2000's, the Company has developed a reputation for honestly and high-quality service at fair prices. Approximately 90% of revenue in 2021 is attributed to residential install and service with the remaining 10% attributed to commercial/new construction. The business has been setup to run itself with critical operating duties shared with various key employees who are expected to stay with the company post-acquisition.
The Company has steadily grown revenues year over year and is expected to reach new targets in 2022 and 2023. The Company is run by skilled operators as evidenced by consistent Gross and EBITDA margins over the previous years averaging 44.5% and 20%, respectively.
This is an excellent opportunity for new entrants in the residential HVAC space or for existing providers to grow their footprint.
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Property Features and Assets:
Leased space.
Assets = $534,581
Market Competition and Expansion:
Fragmented industry, competitive.
Reason for Selling:
Change of Lifestyle.
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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