NOT DISCLOSED, Texas
| Asking Price |
$435,656 |
Year Established |
1992 |
|
| Annual Revenue |
$322,522 |
Reason for Selling |
Ownership is retiring. |
|
| Annual P/L |
$0 |
Attention |
Joseph Gusmeri |
|
| Annual Cash Flow |
$135,028 |
Listing Number |
994325 |
|
| # of Employees |
3 |
Business Category |
Services: Construction, Contractors |
|
Business Overview:
30+ year old HVAC company is looking to retire while leaving their customers in good hands.
Highlights:
Over 200 active service contracts, ensuring recurring revenue.
Several large-scale contracts with established commercial and industrial clients.
Consistently EBITDA and strong profit margins, outperforming industry averages.
Property Features and Assets:
<p>The business has recently removed their office lease space and currently only maintains a location where inventory and other materials are stored.<br></p><p>Assets = $52,000</p>
Market Competition and Expansion:
<p>Industry Indicators<br>The value of US nonresidential construction spending, a demand indicator for HVAC and plumbing contractors, rose 7.40% year-to-date in<br>October 2024 compared to the same period in 2023.The value of US residential construction spending, which impacts demand for HVAC<br>and plumbing contractors, rose 6.90% year-to-date in October 2024 compared to the same period in 2023.<br><br>Industry Forecast<br>The value of US private and public building construction, an indicator for plumbing and HVAC contractors, is forecast to grow at an annual<br>compounded rate of 6% between 2023 and 2028, based on changes in physical volume and unit prices.<br></p><p>Current growth for HVAC companies in Texas is unchecked. Growth is outpacing inflation.<br><br>Companies in this industry install and service heating, and air-conditioning equipment. Major companies from the US include<br>ARS/Rescue Rooter, Comfort Systems USA, EMCOR, and TDIndustries.<br>Global demand for plumbing and HVAC services is increasing as economies progress and rising consumer inclination for comfort and luxury.<br>The global market is projected to reach about $370 billion by 2030 with a compound annual growth rate (CAGR) of 3.9% between 2020 and 2030, according to Statista. Plumbing and HVAC contractors typically operate regionally, but some large companies are beginning to expand globally.<br><br>The US plumbing and HVAC contractors industry includes about 105,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $205 billion.<br></p><p><br></p>
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity