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Furnace and Air Conditioning Repair Business

IA

Furnace and Air Conditioning Repair Business
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Asking Price: $775,000

Cash Flow: $307,086

Gross Revenue: $971,483

EBITDA: N/A

FF&E: $68,700

Inventory: $80,000

Rent: $1,400 /Month

Established: 1969

Furnace and Air Conditioning Repair Business

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Business Description

This successful furnace and air conditioning repair business in eastern Iowa has been selling and servicing heating and cooling equipment, boilers, commercial refrigeration equipment, and water heaters for residential and commercial customers for 48 years. This HVAC company has a loyal base of over 5,000 customers within a 25 mile market area with the majority of their business coming from repeat customers and referrals.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
N/A
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The building the business currently operates in is a total of 3,000 square feet with 2 bays for the shop large enough for a truck to park inside plus one room for the office shared by the secretary and owner.
Competition:
This business can be grown by developing an aggressive sales/marketing program, hiring more employees, and by adding services such as geo-thermal installation and gas fireplace installation. Because of its excellent reputation and loyal client base, a new owner would be able to step into a profitable, successful business and enjoy immediate results.
Growth & Expansion:
The company had the opportunity for larger-scale growth, but instead chose to grow slowly and adjust as the economy dictated, which proved beneficial during the recession. This allowed them to keep the business in tact and continue the level of service their customers were used to.
Support & Training:
Negotiable.
Reason for Selling:
Retirement.
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Scott Sctricker

Business Listed By:
Scott Stricker

Benchmark Business Group

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Sponsoring Broker:
Dennis Henderson

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