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Recession Proof 20 Yr. Old HVAC Co. in Houston, TX

Harris County, TX (Relocatable)

Recession Proof 20 Yr. Old HVAC Co. in Houston, TX
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Asking Price: $595,000

Cash Flow: $213,445

Gross Revenue: $937,156

EBITDA: N/A

FF&E: $12,400

Inventory: N/A

Established: 1997

Recession Proof 20 Yr. Old HVAC Co. in Houston, TX

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Business Description

Murphy Business & Financial Corporation is excited to present to you an opportunity to own this profitable, recession proof HVAC service company with:

- Over $200K in Owner Benefit / Cash Flow
- Repeat customers and service contracts
- Low overhead
- Excellent service history & customer reviews

This business was established in 1997 and has enjoyed steady growth ever since. The business services residential and commercial clients. It is a preferred vendor for its commercial clients and has both commercial and residential service contracts in place. It benefits from repeat customers and a loyal customer base. Some of the commercial clients include large retail and hotel chains, restaurants and hospitals. The business focuses on service and repair work with no dependence on new construction.

Detailed Information

Location:
Harris County, TX
Employees:
4 FT/1 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The company rents 1,500 square feet of office space in an industrial park. The lease is a flexible year to year commitment.
Competition:
The US plumbing and HVAC contractors industry includes about 95,000 establishments (single-location companies or units of multi-location companies) with combined annual revenue of about $170 billion. Demand for services depends partly on new residential and commercial construction. Demand for maintenance and repair work on existing structures is also substantial. Profitability depends on the volume of work a company can acquire, since most costs are fixed. Larger companies may have a competitive advantage in winning projects that require both design work and installation and in serving businesses with facilities in multiple markets. Small companies can compete by specializing in individual markets and by focusing on customer service. Most companies in the industry are small: about 60% of US plumbing and HVAC contractors have fewer than five employees.
Growth & Expansion:
In the southern US, demand for HVAC contractors is relatively high as about 85% of all homes have central air conditioning. Demand for air conditioning units has increased as populations have shifted to hotter and more humid regions and as housing sizes, particularly in the south, have increased. Houston, TX and the surrounding areas is one of the fastest growing cities in the US with warm temperatures most of the year. The demand for air conditioning services will continue to increase each year as more units continue to age and new development and construction continue to rise.
Financing:
Lender pre-screened with $119k down.
Support & Training:
Will train for 2 weeks @ $0 cost. Master licenses for HVAC will be required. The owner has the HVAC license which will need to be replaced with either another licensee or by having a qualified employee obtain one. The current owner is willing to stay on as needed for up to 1 year for transition and to work as a service tech on an as needed basis.
Reason for Selling:
Retirement.
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Lenny Saizan

Business Listed By:
Lenny Saizan

Murphy Business & Financial Corporation

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