Well-Established HVAC Business, Reoccurring Maintenance Accounts
Business Description
This established HVAC business was started in 2007 and became incorporated in 2009. The business installs and maintains residential and commercial HVAC equipment, installs new equipment and duct work and completes repairs and tune ups on units. Just a few years after beginning the business it was named business of the year by the local Chamber of Commerce. Two years later one of the owners was diagnosed with cancer and passed away in 2016. The surviving spouse/owner continued to operate the business and in 2019 another individual came on as the RMO and to assist in operations.
Business highlights:
Well-established customer base
Established reoccurring maintenance accounts
Strong customer rapport
5-star ratings on Google
Integrity
Company has 2 Ford 2020 Transit 150 Medium roof outfitted for HVAC with easy access roof racks wrapped with logo
DISCLOSURES: The business is in default of a financial obligation which will be paid at the sale of the business. The owner personally filed bankruptcy in 2021, discharged in January 2022. The business requires Business Licenses in City of Galt, City of Lodi and City of Stockton, as well as a CSLB C-20 license, and Sellers Permit with State of California to operate. Some customers have active maintenance agreements in place. There are outstanding federal and state taxes that will be paid at the sale of the business.
Warranty repairs for labor is 90 days. Warranty labor for installations is 1 year from install.
For further information please submit any inquiry through this website. You will be required to complete a Non-Disclosure Agreement prior to receiving any additional information. Financial information is only provided after the initial phone interview with the Regional Business Broker assigned to this listing. Images on this website are stock images and not actual images of the business. Broker, brokers agents and broker-associates, employees and all other affiliates of Broker have NOT verified any of the information provided here. By submitting your inquiry through this website, you are granting Broker permission to add you to Broker's email subscription list.
Business highlights:
Well-established customer base
Established reoccurring maintenance accounts
Strong customer rapport
5-star ratings on Google
Integrity
Company has 2 Ford 2020 Transit 150 Medium roof outfitted for HVAC with easy access roof racks wrapped with logo
DISCLOSURES: The business is in default of a financial obligation which will be paid at the sale of the business. The owner personally filed bankruptcy in 2021, discharged in January 2022. The business requires Business Licenses in City of Galt, City of Lodi and City of Stockton, as well as a CSLB C-20 license, and Sellers Permit with State of California to operate. Some customers have active maintenance agreements in place. There are outstanding federal and state taxes that will be paid at the sale of the business.
Warranty repairs for labor is 90 days. Warranty labor for installations is 1 year from install.
For further information please submit any inquiry through this website. You will be required to complete a Non-Disclosure Agreement prior to receiving any additional information. Financial information is only provided after the initial phone interview with the Regional Business Broker assigned to this listing. Images on this website are stock images and not actual images of the business. Broker, brokers agents and broker-associates, employees and all other affiliates of Broker have NOT verified any of the information provided here. By submitting your inquiry through this website, you are granting Broker permission to add you to Broker's email subscription list.
About the Business
- Years in Operation
- 18
- Facilities & Assets
- The office is located in a facility in which the rental agreement is month to month. The office is approximately 168 square feet. There is ample parking. The office has bathroom facilities nearby.
The business rents a storage space, where it stores some inventory. The business also keeps inventory in their (two) company vehicles. - Market Outlook / Competition
- The business does not have any current marketing campaigns. The current owner would estimate the service breakout to be as follows for installations, repairs and maintenance work: Residential 80%, Commercial 20%.
The business currently has about 220 current maintenance accounts. More details can be provided during the Exploratory Call with the owner. - Opportunities for Growth
- As heating and air conditioning continue to be an amenity that is highly desired, and maintenance and repairs will continue to be required for units, there is continued work for the foreseeable future. The business service coverage area is currently from Sacramento to Manteca, but a new owner could expand coverage area to supply growth opportunities.
About the Sale
- Seller Motivation
- The owner is ready to pursue a different career and relocate out of California.
- Transition Support
- The owners are willing to provide a reasonable transition and training period for a new owner the terms of which shall be agreed to and defined in a Definitive Agreement (such as an Asset Purchase Agreement).
- Financing Options
- Seller may be willing to offer Seller financing to a buyer based on credit history, d
Listing Info
- ID
- 2423755
- Listing Views
- 83
Listing ID: 2423755 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 of Use. Learn how to avoid scams.
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