REGIONALLY DOMINANT HVAC SERVICE CONTRACTOR
| Asking Price: | $675,000 | Inventory: | $65,000 ++ |
| Gross Revenue: | $680,000 (comments below) | Real Estate: | $230,000 ++ |
| Cash Flow: | $160,000 | FF&E: | $120,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: Stable , all seasons servicing, etc | |||
HEATING, AIR CONDITIONING AND PLUMBING:This regionally dominant 25-year established full-service heating, air conditioning and plumbing contractor is located in a rural plain area on upper Lake George and lower Lake Champlain in NY’s Adirondack Park,. It provides seasonal servicing, repairs and year-around new installation services to a broad range of residential and light commercial clients. It is highly profitable with stable sales of over $ 650,000 and has above average 45%+ ROE, with fast capital recovery on a $ 150,000 equity investment. It is dominant in region, highly respected, with cadre of repeat clients in part due to the quality non-union staff. There is opportunity for Further Growth through more active regional sales and product extension, INCLUDES REAL ESTATE, valued at $ 230,000, and has almost $ 230,000 fixed assets including inventory, five vehicles, and tools. There is a office bldg with apartment and professional tenant, and 2,400 sq. ft. shop/garage. the owner/seller will assist for reasonable transition and there is expansion potential with existing clients and relationships. A fair price of $ 675,000 includes the real estate and should see the business making about $ 160,000 a year on stable sales of $ 678,000. Offers above average ROTA of 15% and ROE almost 50% on an $ 150,000 investment. This company offers a quality lifestyle in rural/suburban area with vacation and world famous amenities and activities nearby
About the Business
Year Established:1985
Employees:6 full time - 2 part time
Facilities:There are a utility trudk andfour service vans. A loyal and stable non-union staff of four mechanics and an office administrator and a seller/ owner who does some field work and makes this straightforward business run year around. The company has an owned office building (with a professional serevices company tenant) and a rental – or new owner’s- apartment). An adjacent recently constructed shop/garage of 2,400 square feet houses a $ 65,000 inventory of motors, controls, piping and tubing, filters and fixtures etc. and bench space.
Market Outlook and Competition:Sellers created this successful residential and light commercial services company and enjoy relatively stable sales consistent with the nature of the area and their desired work program. There is no significant regional competition. A new owner with imagination can fulfill opportunities that exist, and not have to change the basics of the business – a well equipped, basic and profitable activity in a great place to live. A moderately mechanical buyer can readily manage this business with its current wonderful staff, learn the processes and grow sales and profits via intensified marketing in existing customer relationships and skillfully applied enthusiasm. Owner is willing to consider a modest continuing role.
About the Sale
Management Training and Support:Seller will consider some financial participation and will assist an orderly transition. Staff needs little guideance in their activities. Mgr. primarily on scheduling, estimating and purchasing
Reason For Selling:At 65 years of age, owner and wife are considering a well deserved retirement and travel after 25 years of building this stable business.
Seller Financing:Prefers cash but will consider some modest participation.
KEYWORDS: heating, plumbing, air conditioning, HVAC, Lake George, Adirondacks, Lake Champlain, non union, rural lifestyle, seasonal servicing, upstate NY ,
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