BUSINESS HIGHLIGHTS

The Company is a full-service heating, ventilation, and air conditioning (HVAC) contractor operating in western North Carolina for over 40 years, providing installation, replacement, maintenance, and repair services to residential and commercial customers. In 2025, the Company generated approximately $1.5 million in revenue and $289,000 in EBITDA, a 19.3% margin, with growth driven in part by a large storm related rebuilding project.

Revenue is generated across four lines of business: residential installation and replacement, commercial service and maintenance, commercial installation and replacement, and residential service and maintenance, with an even split between residential and commercial end markets. Four decades of local operation have built a referral driven reputation that supports a 75% repeat business rate across approximately 150 active accounts, with no single customer representing more than 25% of 2025 revenue.

The business is currently owner operated, with the owner leading sales, pricing, and customer relationships alongside a lean team of seven employees; the owner is willing to remain through a transition period to support continuity. Opportunities for a new owner include formalizing and expanding commercial maintenance contracts to build higher margin recurring revenue, and investing in structured sales and marketing to reduce reliance on the Company's historically passive, referral based approach.

INVESTMENT APPEAL

Four-Decade Track Record and Local Reputation: Over 40 years operating in the same regional market has built durable brand trust that drives consistent inbound demand without active advertising. This longevity reduces reliance on paid customer acquisition and supports a stable competitive position relative to newer entrants.

Rebounded Growth and Expanding Margins: Revenue grew 17.2% in 2025 to approximately $1.5 million, while EBITDA increased from $109,000 in 2024 to $289,000, expanding margins from 8.6% to 19.3%. The improvement reflects both a large storm related rebuilding project and a leaner, more productive workforce.

Balanced Residential and Commercial Revenue Mix: Revenue splits approximately evenly between residential and commercial customers, reducing dependence on any single end market. Commercial demand tied to maintenance and uptime requirements complements residential demand driven by replacement cycles and new construction.

High Customer Retention: Approximately 75% of business comes from repeat customers across roughly 150 active accounts, with no single customer representing more than 25% of 2025 revenue. This retention reflects long standing relationships and consistent service execution rather than reliance on new customer wins.

Multiple Untapped Growth Levers: Opportunities include formalizing commercial service and maintenance contracts to build recurring, higher margin revenue, and investing in structured sales and marketing, including digital lead generation, to reduce reliance on referrals alone. Neither initiative is reflected in current projections.