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Asking Price: $3,500,000

Establishes HVAC and Sheet Metal Contractor

Port Orange, FL
Volusia County

A very well-established HVAC and sheet metal contractor owned since 1984 located in Volusia County. Does business all over the state with the heaviest concentration in the Orlando area (50-60% is in the Orlando area, 20% in the Jacksonville area and another 20 % in the Vero/Melbourne area.).Commercial jobs (shopping malls, shopping plazas, daycares, breweries etc.) account for 75% of gross revenues and service and retrofit account for approximately 25% of gross revenues. A husband-and-wife team owns the business. The husband does all the bidding and wife does all the payables and commercial billing. In addition to the owners, they have 17 full-time employees, of whom 6 are supervisor status with 5 to 12 years with the business: one general manager, 3 supervisors out in the field and on commercial projects and 2 in the office. Employee benefits include health insurance for the employee (100%), and paid vacations and holidays.Business has zero debt. All vehicles are GPS equipped to ensure optimum performance of the employees.The only advertising is ads on the side of buses.There is over $3.2 million worth of work on the books so far. Seller turns down 200-400 K of business a month.The buyer needs to have a State Certified HVAC Contractors License. The seller is the only one with a license, no other employee has license. Seller willing to qualify for the right buyer.Owner owns real estate which is not included in price, but is available for long-term lease. Facility is comprised of three industrial condos with a total of 5,000 square feet that have 24 feet ceilings. The seller is willing to lease for $4,000 a month.The Seller will consider carrying a note on a case-by-case basis at seller’s option. Seller must approve buyer for seller financing which is amortized over ten years with a balloon payment after 5 years.

Cash Flow Not Disclosed
Revenue $4,133,139
$ Owner Financing Available

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