HVAC Businesses
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Residential HVAC Company Serving North Indiana and Southern Michigan
Indiana, United States
Asking Price$800,000
Revenue$1,449,907
EBITDA-
Cash Flow$252,650
Description
35-year-old residential heating and air company serving Northern Indiana and Southern Michigan. 35-year track record of providing quality service to long term customers. Well trained staff in place.
The business currently has 80 active maintenance agreements in place and has completed 204 HVAC system change-outs over the past 12 months. Approximately 95% of revenue is generated from residential customers, with little to no refrigeration work performed. Less than 10% of the company's revenue is derived from new construction projects, resulting in a business model that is primarily focused on service, repair, and replacement work.
The company primarily offers equipment from Amana and Rinnai and maintains a database of more than 3,100 active customers. Included in the sale is approximately $40,000 of inventory.
Financial records are maintained using QuickBooks, and payroll administration is outsourced through ADP. The business does not currently utilize a CRM system, presenting an opportunity for operational enhancements and customer relationship management improvements. Additionally, there are no pending lawsuits or workers' compensation claims, providing buyers with confidence in the company's legal and operational standing.
Real EstateBuilding Size: 3540 sq. ft.
$350kNot Included in Asking Price
Furniture Fixtures & Equipment
$90k
Inventory
$43kIncluded in Asking Price
Number of EmployeesFull-Time: 7
Year Established
1989
Reason Selling
Retirement
Facilities & Assets
The location is owned by the seller and he is willing to sell it to the new owner
Support & Training
Owner will remain on short term to ensure a smooth transition.
Related Categories
Asking Price$800,000
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