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HVAC-Refrigeration Company

Cuyahoga County, Ohio, United States
Asking Price$6m
Revenue$6.70m
EBITDA$1.25m
Cash Flow$800k
Description
HVAC - Refrigeration Company Strategic Advantages  Experienced Management: The senior management has over 48 years of experience in the HVAC and Refrigeration industries.  B2B: HVAC and Refrigeration sales and service. Specializing: In Hospitals, Restaurants, Nursing homes, Commissary Services, Schools, national chains, and more.  Recurring Revenue Stream: Contractual, Non-Contractual, Repeat and Actuarial.  Factory Certified Technicians: Copeland, Manitowoc, TRUE, Carrier, Heatcraft, Emerson Climate Technologies, Leer, Trane, Amana, Kolpak, Beverage-Air, Bryant, Continental, Delfield, Hoshizaki, Hussman, Lennox, Masterbilt, McCall, Perlick, Randell, Rheem, Sani-Serve, Scotsman, Silver King, Traulsen, Victory, York.  Customer Base: Solid customer relationship and customer list of over 5000.  Complete mechanical contractor: Sheet metal customized fabrication to design specs.  24/7: Emergency Service  Facility: Is 9700 sq. ft. and has convenient access to every major highway artery, reducing service travel times.
Real Estate
Owned
Inventory
$1mIncluded in Asking Price
Number of EmployeesFull-Time: 30Part-Time: 1
Year Established
1982
Reason Selling
The owner desires to retire and create a smooth transition to new ownership.
Facilities & Assets
Real estate is available for sale or lease. The facility is approximately 9700 sq ft and houses offices, warehouses, and manufacturing floor space. The facility updates were completed in 2020. Entire New Roof and Insulation Layers (30-year life), All New Hang Heaters – installed, New HVAC Units, LED Lighting in Warehouse/Outdoor, Hot Water Tank, Additional Cameras Added Upgraded.
Support & Training
All technicians regularly go through industry and manufacturing certifications. Some certifications require annual renewals. All certifications received are part of each technician's employment records. Some general certifications are EPA, R290 & R600 freon, Manitowoc, Hoshizaki, and Scotsman Ice.
Growth Opportunities
Management believes that a potential acquirer could grow the business in the following manner: First, management believes the Company could hire more Technicians, allowing the business to take on more work. Second, Offering service contracts to private and commercial customers has a big potential. Additionally, increasing the number of maintenance contacts will increase sales and new customer acquisition. Increasing the maintenance plan offerings will generate additional recurring revenue streams. Most manufacturers will void warranties if the equipment
Asking Price$6m