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Large Middle Tennessee HVAC Company
TNListing DetailsOffice ID: HVAC4
Status: Offer Received
Listing Broker: Michael Fekkes, CBI, CEPA
Listing Price: $4,500,000
Gross Revenue: $3,546,149
Cash Flow: $1,048,961
Inventory: $100,000
Inventory Included: Yes
FF&E: $250,000
FF&E Included: Yes
EBITDA: $1,048,961
Acreage: 1 acre
Real Estate Included: No
Sales Structure: Asset Sale
Seller Financing: No
No seller financing is being offered.
Reason for Sale:
Retirement planning and asset diversification.
The seller has a strong desire to see the business grow and prosper under the stewardship of a new owner and will provide comprehensive transition assistance for a period of 4 weeks at no cost to the buyer. Additionally, the seller can provide consulting or contract work to the new owner post transition period for a period of 12 months. While the seller is seeking a business sale to prepare for retirement, they will remain in middle Tennessee for the foreseeable future and could be available as a resource at a fair and equitable fee arrangement.
OperationsYear Established: 1990
Form of Ownership: S Corp
Employees (full-time): 16
Managers: 3
Business Hours: 8-5 M-F
Business Description:
HVAC business in middle TN servicing both the commercial and residential sectors. Highly skilled, and long tenured staff in place. Business is completely automated with the latest in technology for all service vehicles - GPS, IPAD's, printers, etc. The business requires little management time from the current owner due to the systems and processes that are in place. Approximately 66% is commercial and 33% residential. Residential client base consists of ~2,000 customers, with 300-400 on the semi-annual service plan.
Historical Summary:
Business has experienced large growth in both revenue and profits every year they have been in operation.
Owner Qualifications:
The new owner should have the appropriate qualifications to actively manage all facets of the business operations; having a technical background would be a huge plus. A new owner who has the interest and passion to grow the business and take it to the next level will find this a compelling and a one of a kind opportunity.
While this business is not without competition, the marketplace is large allowing many companies serving this industry to be successful.
Potential Growth:
The growth Tennessee is experiencing directly benefits this business. There is a tremendous amount of uncaptured opportunities for the business to experience significant growth in the foreseeable future.
LocationType of Location: Stand Alone
Monthly Rent: $3,750
Square Footage: 8900
9,600sqft Standalone facility. Property is owned by Seller and is available for either purchase or lease.
Last Updated: Aug 9, 2017 / 1:52 PM
Financial Information Current as of: Nov 3, 2016 / 11:23 AM