Commercial HVAC Contractor for Sale - Suffolk, LI
Seller Financing Available
Asking Price:   $1,650,000Inventory:   
Gross Revenue:   $12,000,000Real Estate:   n/a
Cash Flow:   $1,000,000FF&E:   n/a
++ included in the asking price         ** not included in the asking price
Since inception by the two owners, the firm has grown to employing 30 people; including 16 certified technicians, 2 apprentice technicians and a supporting staff of 12 managers (including the 2 owners) with sales of over $13 million in 2008. Included in the office staff are 4 Project Managers, a Service Manager, a Professional Engineer, Controller, Service Coordinator, Construction Administrator, Service Administrator and an Administrative Assistant. All personnel are provided company vehicles, with appropriate tools to complete their assignments. . The principals indicate that business is strong and they are presently interviewing technicians for an increasing workload. Management indicates that sales have increased over the years primarily due to an excellent reputation ( word of mouth referrals from satisfied clients) and from installation contracts. In 2007 they were awarded a major service contract from a governmental institution for the provision of all labor, material, supplies and equipment for maintenance, service, repair, retrofit, installation on a time and material basis for the HVAC mechanical equipment. The company also has three other major contracts with governmental institutions (Hospitals, Schools, etc). The company segments it s activities into two divisions (Service & Installation), with the Service group responsible for regularly scheduled maintenance and Installation involved primarily in installing new equipment and new projects. The firm presently has over 150 commercial service contracts to perform regularly scheduled preventative maintenance and repair work on a time and material basis.
About the Business
Year Established:1992
Employees:30 full time -
Facilities:The company is headquartered in appropriately furnished 4,500 square foot leasehold The location is a prime spot as it is centrally located in relation to its customer base, with easy access to all major highways. Current market value rent is approximately $5,000 a month.
Market Outlook and Competition:There is tremendous growth potential for the Company. Long Island has the 17th largest metropolitan area economy in the nation. Its output of good and services, or gross metropolitan product, was estimated at $126.3 billion in 2004. The size of its economy exceeded that of most U.S. metropolitan areas and many foreign countries (Source: Long Island Association Fact Book 2007-2008, http://www.longislandassociation.org/UserFiles/File/LIA_FACT_BOOK_08.pdf
About the Sale
Management Training and Support:Owners will remain on staff for up to two years.
Reason For Selling:Retirement (Estate Planning).
Seller Financing:Available to qualified buyer.

KEYWORDS: Commercial HVAC Contractor


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Business Listed By
Angelo Ferrara  |  Rapt Enterprises, Inc.
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