Annual Revenue: $1,629,775
Net Cash Flow: $175,000
Location: Central, Connecticut
First time offered for sale due to retirement. This HVAC contractor is well established and has a loyal following in the market place. They offer all of the standard services provided by a traditional HVAC company — installation and maintenance of residential HVAC systems.
Annual maintenance contracts consist of approximately $500,000 of their yearly revenue on a reoccurring basis. This HVAC company is also a market leader in the Geothermal Exchange Systems. They offer installation and maintenance of highly sophisticated systems with an average installation cost of over $30,000. At present, the company has an existing backlog of around $1,000,000 worth of signed contracts to be completed this year.
Real Estate: Is owned and is for sale at fair market value with an estimated Real Market Price of $425,000. The Real Estate consists of a building approximately 5,000 SQFT. The owner would prefer to sell the property with the business.
Growth: Additional technicians, expanding geographic footprint,
Equipment/Inventory: $150,000 value of Trucks, Equipment, and Inventory included in the sale.
Financing: Available – SBA eligible – based on credit history 25% down; 15-year term.
Transition: Ideal individual will have an HVAC background. The owner will remain for a period TBD to ensure a smooth transition.