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Air Conditioning, Heating, Electrical & Plumbing Service Company
(643000)
Listing DetailsStatus: Sold
Listing Broker: Charles Milam, M&AMI, CBI
Listing Price: $250,000
Gross Revenue: $1,972
Cash Flow: $91,000
Inventory: $8,100
Inventory Included: Yes
FF&E: $48,150
FF&E Included: Yes
Real Estate Included: No
Seller Financing: No
Financing/Terms:
Seller will provide some financing for a qualified buyer
Absentee Owner: Yes
Reason for Sale:
Seller wishes to retire
Training:
1994
OperationsEmployees (full-time): 2
Business Hours: Monday - Friday 730am-4pm, 24 hour emergency
Summary
Business Description:
On-site repair of all types of heating, cooling, electrical and plumbing for both the residential and commercial / industrial customer so that the complete job can be handled by a single provider. The focus is on the more difficult jobs where competency is compensated and “bend over backwards” customer service earns future business. The business is open Monday-Friday from 7:30am to 4pm with 24 hour per day, 7 day per week “emergency” service available on-call
Historical Summary:
In business since 1972, the current owner has operated the business since 1994, preferring to cater to service and “retro-fit” customers rather than building contractors. Plumbing is the newest addition to the business and the largest “growth” area
Owner Qualifications:
NC licenses would be necessary in each of these categories:
Competition:
The two other local independent companies provide a steady source of referrals with their poor track record of repairing problems
Potential Growth:
The current owner has made little attempt to grow the business with only Yellow Pages ads and an informational website. While there are approximately two dozen service contracts in place they are the result of customer requests rather than company promotion. A coordinated advertising campaign pushing the single provider benefit of all services coupled with the priority benefit of being on a service contract should increase gross profits as would adding a dedicated sales person who is capable of selling not only the products and services but also able to communicate financing options. A longer-term objective would be to add capability to the website so it could provide Internet visibility to online searchers
LocationOption: Lease or puchase
Monthly Rent: $1,000
Square Footage: 6000
Facilities:

Seller owns the 6,000 square foot facility which contains approximately 2,000 square feet of office space with the balance being warehouse, all on a single floor in a heavy traffic count location


Last Updated: Apr 9, 2015 / 11:48 AM
Financial Information Current as of: Jul 23, 2013 / 2:17 PM