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SBA APPROVED: RESIDENTIAL AND COMMERCIAL HVAC COMPANY - SC2088
SBA APPROVED: RESIDENTIAL AND COMMERCIAL HVAC COMPANY - SC2088
Financial Information
- Asking Price: $575,000
- Gross Revenue: $1,837,834
- Cash Flow: $341,853
- Down Payment: $431,250
- FF&E (Included): $100,000
- Inventory: N/A
- Financing: Yes
Business Location
- Northern California
Primary Business Category: Plumbing, Heating, and Air-Conditioning Contractors
This long-established residential, commercial, and multi-family HVAC service company in Northern California is a Sub-Chapter S Corporation and is under the current ownership for the past 33 years but has been in business for over 48 years! They provide a variety of services from residential HVAC system replacement, repair and service to commercial and multi-family construction, renovation, repair, and service. This company also gets involved in tenant improvements, existing system diagnosis, and tune-ups.
Competition Description
There is competition in the marketplace, but this business has a tremendous reputation and long-standing relationships with builders in the region as well as with property managers.
Growth / Expansion overview
Growth can be obtained by increasing marketing efforts through digital and print media. Additionally, growth can be made by expanding relationships with general contractors, developers, and property managers to expand services on commercial and new construction as well. They currently rely heavily on word of mouth and repeat customers that are very loyal. They are currently executing on a $1,500,000 contract for new construction that has just started.
Support / Training Comments
Seller agrees to provide training for 4 weeks at 30 hours per week. Additional training and support from the Seller are available at mutually agreed upon terms between the Buyer and the Seller.
Financing Comments
The seller is willing to finance up to 25% of the purchase price under terms of 7% interest over 5 years. Amount financed will depend on offered purchase amount and the quality of the Buyer.
Reason For Sale
Sellers would like to retire.
- Home Based: No
- Year Established: 1974
- Franchise: No
- Year Acquired: 1989
- Willing to Train: Yes
- Relocatable: Yes
- Required Licences: C20 HVAC LIcense
- Is Property Leased: Yes
- Real Estate Available: No
- Real Estate Included: No
- Real Estate Value: N/A
- Real Estate Asking: N/A
- Days Open: Monday - Friday
- Hours Open: 7:00 am to 6:00 pm
- Fulltime Employees: 2
- Part-time Employees: 3
- Is Management Staying: No
- Distressed: No
- Monthly Payroll: ON REQUEST
- Building Size: 1000 sq. ft.
- Monthly Rent: $1,343
- Lease Expires: 12/31/2022
- Lease Miscellaneous: CAM of $254.43 included in rent
CA 02100708
NV 1003039
Listed By: Adriana Sargent
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| Picture | Status | Title | Price | Revenue | Profits |
|---|---|---|---|---|---|
| Sold | Popular HVAC Company in Northern California SC2078 | $175,000 |
Background information
Reference:
SC2088
Year established:
1974
Reason selling:
Sellers would like to retire.
Operations
Employees:
Full-time Employees: 2 Part-time Employees: 3
Equipment:
Upon Request
Inventory:
Upon Request
Premises
Facility:
Building Size: 1000 sq. ft. Is Property Leased: Yes Real Estate Available: No
Square footage:
1000 sq. ft.
Rent and lease terms:
Monthly Rent: $1,343 Lease Expires: 12/31/2022 Lease Miscellaneous: CAM of $254.43 included in rent
Location:
Northern California
Opportunities
Growth:
Growth can be obtained by increasing marketing efforts through digital and print media. Additionally, growth can be made by expanding relationships with general contractors, developers, and property managers to expand services on commercial and new construction as well. They currently rely heavily on word of mouth and repeat customers that are very loyal. They are currently executing on a $1,500,000 contract for new construction that has just started.
Market:
There is competition in the marketplace, but this business has a tremendous reputation and long-standing relationships with builders in the region as well as with property managers.
Price and terms
Price:
$575,000
Down payment:
$431,250
Financing:
Yes, the seller is willing to finance. The seller is willing to finance up to 25% of the purchase price under terms of 7% interest over 5 years. The amount financed will depend on offered purchase amount and the quality of the Buyer.
Training:
Seller agrees to provide training for 4 weeks at 30 hours per week. Additional training and support from the Seller are available at mutually agreed upon terms between the Buyer and the Seller.