Business Overview

Rapidly growing HVAC Company available for sale in DFW. Company will post $1.5M in sales in 2021. Company has operated for only 3 years but has rapidly built a large residential client database with over 500 maintenance contracts. The company utilizes maintenance technicians and contractors to flex workforce. Seller has invested heavily into building the brand and it is paying dividends with over 60% revenue growth in 2021. Seller has also invested in processes and procedures utilizing industry leading platform to manage workflow and dispatch. Company has stellar reviews from customers.

HIGHLIGHTS
* Growing business with revenue in excess of $1.5M
* Servicing a growing area
* 500+ maintenance contracts
* Investment in advertising and platform
* Highly profitable and reasonably priced at less than 2.5x SDE
* 300+ 5 star reviews across Google, Homeadvisor, Thumbtack and Networx

Financial

  • Asking Price: $900,000
  • Cash Flow: $370,000
  • Gross Revenue: $1,500,000
  • EBITDA: N/A
  • FF&E: $70,000
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 2019

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:6
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

relocation

Additional Info

The business was established in 2019, making the business 3 years old.

The company has 6 employees and resides in a building with approx. square footage of N/A sq ft.
The property is leased by the business for $1,700 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals choose to sell businesses. However, the genuine reason and the one they tell you may be 2 entirely different things. As an example, they may state "I have way too many various commitments" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might simply be excuses to try to hide the reality of changing demographics, increased competition, recent decrease in incomes, or a range of various other factors. This is why it is really vital that you not rely absolutely on a seller's word, but rather, make use of the vendor's response in conjunction with your general due diligence. This will repaint a much more realistic picture of the business's present circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Lots of businesses finance loans with the purpose of covering points like stock, payroll, accounts payable, etc. Bear in mind that in some cases this can imply that earnings margins are too tight. Numerous companies fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that have to be met or may cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area bring in brand-new customers? Often times, businesses have repeat clients, which develop the core of their everyday earnings. Particular factors such as brand-new competition sprouting up around the location, roadway building, and also personnel turn over can influence repeat consumers and also adversely impact future profits. One important thing to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business often, the better the possibility to build a returning client base. A final thought is the basic area demographics. Is the business located in a largely populated city, or is it located on the outskirts of town? Exactly how might the regional median home income impact future earnings prospects?