Furnace and Air Conditioning Repair Business

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Asking Price:
$775,000

Gross Revenue:
$971,483
Cash Flow:
$307,086
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$80,000
included in asking price

FF&E:
$68,700
included in asking price

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Business Description

This successful furnace and air conditioning repair business in eastern Iowa has been selling and servicing heating and cooling equipment, boilers, commercial refrigeration equipment, and water heaters for residential and commercial customers for 48 years. This HVAC company has a loyal base of over 5,000 customers within a 25 mile market area with the majority of their business coming from repeat customers and referrals.

About the Business

Location:
Iowa
Year Established:
1969
Number of Employees:
4
Real Estate:
Leased
Building Sq. Ft.:
3,000
Rent:
$1,400.00 Per Month
Facilities:
The building the business currently operates in is a total of 3,000 square feet with 2 bays for the shop large enough for a truck to park inside plus one room for the office shared by the secretary and owner.
Market Outlook/
Competition:
This business can be grown by developing an aggressive sales/marketing program, hiring more employees, and by adding services such as geo-thermal installation and gas fireplace installation. Because of its excellent reputation and loyal client base, a new owner would be able to step into a profitable, successful business and enjoy immediate results.
Growth & Expansion:
The company had the opportunity for larger-scale growth, but instead chose to grow slowly and adjust as the economy dictated, which proved beneficial during the recession. This allowed them to keep the business in tact and continue the level of service their customers were used to.
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About the Sale

Reason For Selling:
Retirement.
Training/Support:
Negotiable.

Listing Info

ID:
1445147
Ad Detail Views:
1894

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Business Listed by

Scott Stricker

Benchmark Business Group

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Sponsoring Broker:

Robert Clements
Benchmark Business Group


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