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Southeast Michigan Established HVAC Service Contractor

Oakland County, MI

Seller Financing Available
Southeast Michigan Established HVAC Service Contractor
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Asking Price: $340,000

Cash Flow: $140,000

Gross Revenue: $1,050,000

EBITDA: N/A

FF&E: $45,000

Inventory: N/A

Real Estate: $305,000*

Established: 1982

*not included in asking price.

Southeast Michigan Established HVAC Service Contractor

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Business Description

35 year established Southeast Michigan heating and air conditioning contractor. Experienced technical staff and management team in new residential and commercial installation, replacement and service repair for a full spectrum of heating, ventilation and air conditioning equipment.
Experienced with all types of systems for commercial and residential applications including forced air and radiant systems.
Long list of current residential and commercial clients and property management companies, some with service contracts.
Centered in, Oakland County and serving Macomb County and parts of Wayne County.

Customer focused heating, cooling and ventilation company servicing Southeast Michigan with an 80% residential and 20% commercial customer base. Operator / owner is the single shareholder since inception in 1982. Initially the company focused on commercial accounts and property managers. While building a strong reputation for cost effective quality of service, the company began to attract area homeowners and the residential service side began to grow. The company maintains a stellar reputation as being highly qualified and skilled with not only the growing client base, but also suppliers, competitors and local and state inspectors. The resulting referrals are greatly appreciated and provide for steady growth in a highly competitive industry. Their high-quality “DRFT” work ethic provides warranty expense exposure less than .3% of annual revenue. Today their primary market is preexisting single family homes and businesses many times with initial service activity followed by equipment replacement . . . everything from components all the way to full systems. Largest single account dollar volume is represented by system replacement.
Although new construction is a component of the business, most of that is custom installation rather than multiple installations which would be typical in a new housing development

Detailed Information

Location:
Oakland County, MI
Real Estate:
Owned
Not included in asking price
Building SF:
1,952
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Currently operates from a 1952 sq. ft. commercial building in a main street location consistent with their market area. The entire facility is fit for the purpose and well maintained. The real estate is owned by an affiliated 3rd party LLC, and although not included in the basic offering, it could be available either in conjunction with the business transaction or as a future option.
Financing:
Seller will consider taking a note from a credit worthy purchaser
Support & Training:
The owner is ready to transition to retirement, but is willing to consider progressive reduction of responsibilities for the right buyer
Reason for Selling:
Retirement
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Wendell Brandt

Business Listed By:
Wendell Brandt

MarketPoint Advisors

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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