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Excellent 25+ year old Commercial HVAC Company

Rockwall County, TX

Excellent 25+ year old Commercial HVAC Company
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Asking Price: $930,000

Cash Flow: $380,000

Gross Revenue: $1,900,000

EBITDA: $380,000

FF&E: $50,000

Inventory: N/A

Rent: $1,400 /Month

Established: 1989

Excellent 25+ year old Commercial HVAC Company

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Business Description

Commercial HVAC Company 25+ years excellent service.

Purchase Price: $930,000.00 Listing ID: HVAC0719

Down Payment: $ 100 -180,000.00 Business Type: HVAC

Fixed Assets: $ 50,000 Location: DFW

Inventory: $ NA

Total Assets: $ 50,0000

Terms: This is an asset sale all cash to be paid at closing. All fixed assets are included in the business minus some personal vehicles. Cash and receivables will be retained by the seller and all debts will be satisfied at closing. The business does qualify for small business financing.

Legal Organization:
TYPE OF CORPORATION: S-Corp
Year End: December 31
Accounting Method: Cash Basis

Business Activity: Primarily Commerical HVAC sales, service, and installations.

Key Strengths:
1) Reputation
2) Strength of Staff
3) Ongoing relationships with customers and vendors

Marketing Strategy: The majority of new business comes through outside sales (70%) while the remaining business comes through word of mouth (20%) and advertising (10). Advertising is done mainly through direct mail, billboards, and the yellow pages.

History: The company was founded in 1987-1988 and is still owned by the founder. The location has only changed once in that time and has been in its current location for 20 years. There have been no significant changes to the business services since its inception.

Days and Hours:
Monday - Friday: 8 am – 5 pm
Saturday - Sunday: Service as needed

Sales & Adjusted EBITDA*:

Fiscal
Year End Revenue Adjusted
EBITDA Adjusted EBITDA
as a % of Sales

2018 $1,956,491 $396,673 20.27%
2017 $1,062,980 $94,898 8.93%
2016
$1,557,690 $387,899 24.9%
* All adjustments to EBITDA were supplied by seller

Employees: There are 6 full-time employees and no part-time employees. Two of the employees are family members. More than 70% of the employees have been with the company over 2 years.

Assets & Liabilities:
Asset list available upon request

Facilities: The current facilities are leased with a month to month commitment. The current space has 4000 sq. ft. and includes 3 bay doors, 6 offices and a kitchen. It is located on .75 acres in Rockwall.

Support and Training: The seller is willing to train the buyer for 30 days without charge, Will discuss some ongoing consulting.

Reason for Sale: The seller is retiring.

Detailed Information

Location:
Rockwall County, TX
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
N/A
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
4000 Sq ft Building
Competition:
The market demand for commercial HVAC services is growing with the real estate market and the company has a brand that it has developed in over 25 years of service.
Growth & Expansion:
The business is scalable with the proper resources.
Support & Training:
Seller will stay for reasonable transfer of business relationships
Reason for Selling:
Retirement
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Dan Devlin

Business Listed By:
Dan Devlin

Dan Devlin

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