Listing ID: 74753
This turn-key opportunity to purchase a well-established primarily Commercial HVAC maintenance business. Business comes complete with long tenured staff known for excellent service. The seller is willing to offer a transition period to help the new owner with obtaining licensing. Business has stayed consistent and profitable even through Covid. This great opportunity will not last long! Contact us now to learn more. For a quick response to your inquiry, please contact listing agent Mounir Bousaid (RE# S.0178371; Business Broker Permit# BUSB.0006910) or Andrea Bousaid (RE# S.0176816; Business Broker Permit# BUSB.0006883) at email@example.com or firstname.lastname@example.org or call 702-321-1292
- Asking Price: $1,150,000
- Cash Flow: $448,479
- Gross Revenue: $1,558,544
- EBITDA: N/A
- FF&E: $205,795
- Inventory: $5,000
- Inventory Included: Yes
- Established: 2009
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,200
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 2,200 square feet with a Total Monthly Rent of $1,840. Seller is active in the business with 6 FT employees. Hours of operation are M-F 8am to 6pm and emergency 24/7. $5,000 in Inventory and $205,795 in FF&E included in asking price. C-21 Refrigeration and Air Conditioning License required.
The business was established in 2009, making the business 13 years old.
The sale does include inventory valued at $5,000, which is included in the listing price.
The business has 6 FT employees and is located in a building with approx. square footage of 2,200 sq ft.
The real estate is leased by the business for $1,840 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell companies. However, the true reason and the one they say to you may be 2 entirely different things. For instance, they may say "I have way too many various obligations" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might simply be excuses to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in incomes, or a variety of various other factors. This is why it is very essential that you not depend absolutely on a seller's word, yet instead, make use of the vendor's solution along with your total due diligence. This will repaint a much more realistic picture of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Many companies borrow money so as to cover items such as supplies, payroll, accounts payable, etc. Remember that in some cases this can suggest that earnings margins are too tight. Lots of organisations fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations 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 should be fulfilled or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area attract brand-new consumers? Often times, businesses have repeat clients, which create the core of their daily revenues. Specific aspects such as new competitors growing up around the area, roadway building, and staff turn over can impact repeat consumers and adversely influence future earnings. One important thing to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business regularly, the higher the opportunity to build a returning client base. A final thought is the general area demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? Just how might the neighborhood mean household income impact future earnings potential?