Business Overview:
The company has been servicing the HVAC needs of both the Salt Lake City and Park City markets for over 20 years. They specialize in replacement, new construction, and service work of heating and cooling systems. They primarily deal with homeowners and residential builders.
About 70% of their business is in the Park City area. They also work on new construction luxury homes in both markets and have an excellent longstanding reputation in the Park City luxury home and multifamily home market. Both of these markets have seen a substantial growth over the last several years. The average job size of a multifamily market is up to $2 million and the average luxury home job size is approximately $400,000. About 30% of their total yearly sales is service and repair work and this segment of the business is increasing with more effort being made to promote this recurring revenue model.
They have an outstanding reputation for reliable expertise and get referrals from contractors and from their own website. They have not had to do any advertising, as word-of-mouth and their company trucks keep them visible in the community.
The company has a workforce of over 40 employees, including a CAD department with a sheet metal department, a very busy service department with 6 fully outfitted vans, and a sales department with top line management.
The business is running at capacity but has had nor issues finding skilled labor to manage increases in business. They have jobs booked out into 2024.
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Property Features and Assets:
Their operation is located in 2 buildings totaling 4,500 square feet -- centrally located with great freeway access. Monthly rent is $4,000/month NNN. The building consists of five offices and approximately 3,800 square feet of warehouse. The lease can be assumed or a new lease can be negotiated with the landlord.
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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