HVAC Contractor with Recurring Revenue – Sold

Annual Revenue: $1,629,775

Industry: Construction

Location: Central, Connecticut

This business has been sold. Please view our HVAC Businesses for sale and contact us if you would like to sell an HVAC Business.

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.