Under LOI
HVAC Service and Install Company
This long established and successful company features a stable workforce and many repeat customers. Sales (last 12 months as of June 2024) are approximately 44% Service and Replacement and 56% Construction related. The company does 63% residential business and 37% commercial and 13% pure service not including replacement. Key employees have been in place for several years and are well below retirement age. There are approximately 650 residential service contracts in place and more could be added. Owner is looking to retire but will assist as mutually agreed for a smooth transition. Please note that Sales and profits are up over the last 12 months! This company could be a great platform to build from or a great addition to an established company.
Financial Information.
Yearly Gross: $7,226,000 (2023)
Gross Sales Last 12 Months (July 24) $7,416,000
Cash Flow / $761,000 EBITDA (2023)
Cash Flow Last 12 months (July 24) $1,269,000
Inventory $150,000 (included)
FF&E; $545,000 (Included, Estimated)
Real Estate: $ or Lease: $6525 per month NNN
Financing: SBA Prescreen in progress
Asking: $ Offers
Listed By: Gary Rayberg
Background information
Reference:
1805
Year established:
1996
Reason selling:
Retirement
Finance
Sales:
$7,226,000
Profits:
$1,269,000
Operations
Employees:
27
Equipment:
Included in asking price $545,000 included in asking price.
Inventory:
Not included in asking price
Premises
Facility:
First floor office 1840 square feet first floor shop is 2500 square foot second floor office is 240 square feet with 1270 square feet of parts storage.
Rent and lease terms:
$6,525
Location:
Essex County, MA
Price and terms
Training:
Owner will assist for smooth transition of ownership