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Fast Growing Very Profitable HVAC Company
NCListing DetailsOffice ID: HVAC6
Status: Offer Received
Listing Broker: George Bradbury
Listing Price: $1,250,000
Gross Revenue: $1,757,000
Cash Flow: $381,000
12 Month Forecast: $2,250,000
Forecasted Cash Flow: $430,000
Inventory: $91,200
Inventory Included: Yes
FF&E: $189,600
FF&E Included: Yes
Real Estate: $250,000
Sales Structure: Asset Sale
Seller Financing: Yes
Reason for Sale:

The owner is retiring

Training:

The owner will work with a buyer 30 to 60 days to insure a smooth transition. 
OperationsYear Established: 4
Form of Ownership: S Corp
Employees (full-time): 16
Managers: 4
Business Hours: 24/7
Summary

Business Description:

This business does conventional HVAC services; repair, installation and maintenance. Their business has a mix of residential change outs and service (50%), commercial contracting and service (50%)--No New Construction.   They operate lean with 4 key employees and the owner to service the greater Charlotte, NC area.  The company has a full charge bookkeeper, estimator and project manager, as well as a full-time sales and customer service representative. They have new equipment, began rotating out older service trucks which are being replaced with new Mercedes Sprinter vans and box trucks.  There are 15 technicians, service and support staff.  There are over $1,300,000 signed commercial contracts to be completed in 2021.  The owner is ready to retire and turn over the business to someone with a bit more energy

Historical Summary:

This business was began in 2012.  The company has grown from humble beginnings operating out of the owner’s home to a warehouse/office building they own and occupy.

Owner Qualifications:

A new owner does not need to be experienced at HVAC, however it would be a plus. All the current key people have years of experience and some hold license for HVAC as well.

Competition:

Their market area has much residential competition and some light commercial competition.  There are only 3 or 4 other companies in the area with this company’s experience and diversity in heavy commercial and light industrial.  Their tremendous growth rate is due in part to their excellent people giving outstanding customer service.  

Potential Growth:

The potential for growth is great due to the commercial and residential growth in their market.  There are multiple opportunities that cannot be pursued do a lack of working capital. They have 20 + different companies asking for pricing daily on different types of projects. They can only meet the demands of 4 of these companies at this time. The company is poised to take advantage of this situation with new ownership that is well capitalized
LocationType of Location: Flex – Office
Real Estate for Sale: Yes
Real Estate: $250,000
Monthly Rent: $2,000
Square Footage: 2400

Facilities:

The company operates out of a 2,000 sq. ft. warehouse/offices downstairs with a 400 sq. ft. office upstairs.  Shop space is adequate at the moment but one more year of growth, the facility will not be sufficient.   The spaces on either side could possibly be acquired in late 2021 or 2022.


Last Updated: Jul 19, 2021 / 1:00 PM
Financial Information Current As Of: Dec 20, 2020 / 9:48 AM


Real property represented by ENLIGN Commercial
2009 Caminos Drive, Raleigh, NC 27607
919-341-1100
ENLIGN Commercial