Business Overview

THIS IS WHAT BUSINESSES DREAM TO BE! 78 WONDERFUL YEARS IN OPERATION!

This is a very established business that has served the Central Texas area for 78 plus years. It is a Great Business and has built a fantastic reputation. It is known for providing quality service, on-time appointments, and being concerned to meet and exceed the needs of their customers.

They do sales as well as service and repair all makes and models of Central Air Conditioners, Heat Pumps, Electrical Services, Insulation, Indoor Air Quality Solutions, etc.

Here are just some of the Services and Areas of expertise they cover:

• Air Conditioner Repair
• Air Conditioner Replacement
• Maintenance
• Air Ducts
• Ductless Systems
• Electrical
• Electrical Upgrades
• Furnace Replacements
• Furnace Repair
• New Construction
• Whole-Home Rewires
• Electrical Services
• Furnace Repairs
• Installations on All
• Heat Pump Repair
• Home Automation
• Furnace and Boiler Maintenance
• And More

While they do a remarkable job on these items, there are OTHER GREAT SOURCES available that could make this business go TO UNBELIEVABLE LEVELS.
One of these is in Home and Commercial Automation services. This field is the fastest growing platform. Here are some of the categories where multiple products are used to integrate virtually every room.

• Hubs and controllers
• Heating and cooling
• Lighting
• Locks/home security systems
• Outdoors
• Cleaning
• Cooking
• Surveillance cameras

Another HUGE GROWTH would include doing more work and marketing in the Commercial Market. They have done a lot of work in this area, but have never pushed it as a Main Area of Business. Currently their business breakdown is 90% Residential and only 10% Commercial. There is a whole market available there needing and waiting to be taken advantage of.

Another Super profit base would be promoting and expanding maintenance contracts in both the residential and commercial sectors.

This business is ready to go with three vehicles that are fully equipped, a solid customer base, amazing name recognition and reputation, is the ONLY FAMILY OWNED Business like it in the entire area, and SO MUCH MORE TO LOOK AT!

Financial

  • Asking Price: $340,000
  • Cash Flow: $136,264
  • Gross Revenue: $690,206
  • EBITDA: N/A
  • FF&E: $75,000
  • Inventory: $70,000
  • Inventory Included: Yes
  • Established: 1942

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:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

$1850 per month lease for 5 years with a 5 year option. Space to be agreed upon.

Is Support & Training Included:

The owner will provide 2-4 weeks of free on-site training, as well as up to 6 months of free phone consultation on an as needed basis.

Purpose For Selling:

Retiring

Pros and Cons:

This is the oldest business of its kind in the Tri County Area, Plus it is the only family operated business.

Opportunities and Growth:

Unlimited-Based on working capital

Additional Info

The venture was founded in 1942, making the business 80 years old.
The deal does include inventory valued at $70,000, which is included in the requested price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons people choose to sell companies. Nonetheless, the real factor vs the one they say to you might be 2 absolutely different things. For instance, they may say "I have a lot of various obligations" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might just be reasons to attempt to hide the reality of changing demographics, increased competitors, current reduction in profits, or an array of other factors. This is why it is very crucial that you not depend absolutely on a vendor's word, yet instead, use the vendor's response along with your general due diligence. This will repaint an extra practical image of the business's existing scenario.

Existing Debts and Future Obligations

If the current company is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous companies take out loans in order to cover items like inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can imply that revenue margins are too small. Lots of businesses come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that need to be fulfilled or may cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location bring in new consumers? Often times, businesses have repeat consumers, which develop the core of their everyday profits. Particular variables such as brand-new competitors growing up around the location, road building and construction, as well as personnel turnover can affect repeat clients as well as adversely influence future profits. One vital point to think about is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business often, the greater the possibility to construct a returning customer base. A last thought is the general location demographics. Is the business placed in a largely inhabited city, or is it located on the outskirts of town? Exactly how might the local typical home income influence future revenue prospects?