Asking Price: $343,000 Gross Revenue: $431,383Cash Flow: $155,185 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $7,500 included in asking priceFF&E: $33,000 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Recession Proof HVAC business in Tarrant County servicing both residential and small commercial accounts for the last 26 years. Great cash flow and lots of repeat and referral customers. Excellent service and customer reviews. He has grown it to 6 trucks at one time now streamlining it to a manageable 2 working vans. And netting more than ever.
About the Business
Number of Employees:
Company began in 1993. By 2005 the company had grown to 6 full time work vans with 8 employees and gross sales of $875,000. In 2008 the business streamlined services to 4 vans with 4 full time employees, with owner doing dispatch and office work. Growth was not the primary concern as much as "serving" the customer was the focus. In 2011 owner required some time away to address family matters. In 2013, they dropped to 3 full-time vans and 3 full-time employees. Customer retention was so good that advertising was cut 85%. The customer base continued to grow most years matching new customers VS loss due to customer relocation. A happy medium was found with the owner stepping out more into the field several days a week now with 2 full time and 1 part time employee. In 2017 the owner experienced some health problems that decreased gross income by 17%. However, in 2018 gross sales grew to a 5-year high operating 2 work vans.
With Tarrant County growing as it is the market will continue to grow. We believe we do a “professional job” we deserve a “professional price “ and not always the highest price on the market. Treating customers with their best interest in mind. As you would like them to treat you. This will help keep our customers and grow your referrals from customers.
Growth & Expansion:
Historically added 1 new van each year and 1 new employee since 2000 sometimes 2 employees annually.
Successful 26 year old HVAC business in Tarrant County
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.