Under LOI
Profitable HVAC company that also installs geothermal!
This company has rapidly rising profits which the Seller says are sustainable due to a new pricing structure. Up 194% as of mid year! With 68% service and replacement and 32% remodeling/construction this company has an ideal mix of business. 2% is commercial and the balance is residential of multiple types. Geothermal makes ups 14% of the business and is a profitable area for further expansion. The staff is experienced and all licenses need to run the company are in place with current employees. This is a perfect add on for a synergistic or strategic buyer. Owner will assist for a smooth transition.
Financial Information:
Yearly Gross: $3,000,000
Cash Flow / SDE: $535,000 (2023)
Assets / FFE: included
Inventory: 100,000 (included)
Real Estate: $NA
Lease: $1800 per month includes utilities
Financing: Pending SBA Pre-Screen
Asking: $ Offers!!!!
Listed By: Gary Rayberg
Background information
Reference:
1806
Year established:
2000
Reason selling:
Owner is tired
Finance
Sales:
$3,000,000
Profits:
$535,000
Operations
Employees:
10
Equipment:
N/A
Inventory:
Included in asking price
Premises
Facility:
6000 sf
Rent and lease terms:
$1,800 per Month
Location:
Washington County, RI
Opportunities
Growth:
Geothermal and service
Price and terms
Training:
Owner will assist with smooth transition.