Rare Lake Norman HVAC Service Company for sale

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Asking Price:
$495,000

Gross Revenue:
$1,000,000
Cash Flow:
$200,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Just listed, on booming Lake Norman NC, a 22 year old, debt free, Heating and Air Conditioning Company with a Cash Flow in the $175K—$200K range and gross profits margins of 25%--30%. Asking Price is only $495K. The company’s revenue has averaged 1 Million dollars the past several years, and it comes from being 95% service, replacement, retrofitting, preventive maintenance, and only 5% light commercial and new construction. It has 2000 K customers in its database with a very high approval—inspection ratio.

The company has experienced steady growth the past several years with little or no advertising. Included in the sale are assets of vans, trucks, and trailers. The seller is wanting to make a career change after being in the HVAC business all his life. The company has an excellent reputation in the Lake Norman community of quality work at a fair price. The business provides an excellent investment opportunity with unlimited growth potential for the right individual.

The seller will remain in the business for up to three months during the transition period and will also provide some owner financing on a buyer for buyer basis. The seller will consider all reasonable and fair offers. Please contact Buddy Guin for additional information at bguin@sunbeltbrokers.biz Cell #; 704-827-4448. Office #; 704-644-1144.

About the Business

Location:
Catawba, North Carolina
Year Established:
1997
Number of Employees:
5 FTE
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About the Sale

Reason For Selling:
Career Change
Training/Support:
Seller will negotiate a transition period
Seller Financing:
Seller will consider some financing for a qualified buyer

Listing Info

ID:
1610498
Ad Detail Views:
0

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Business Listed by

Bill Law

Sunbelt Business Brokers Charlotte
License# 120456

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