Business Overview

This is a well-established heating contractor in central Maine.
The company deals only with contractors, most of which are building modular homes.
One of those clients is doing 50 new builds per year, so business is booming. Contractors pay in 7 days, so there are no extended receivables.
The seller has outfitted a Ford F-450 with a custom box with a pipe threader, generator, tools and everything you’ll need to work in the field.
Located in central Maine, this is a place you can come to enjoy a great work-life balance. There’s a reason Maine is called Vacationland – and don’t forget that Maine is consistently rated as the safest state in the country! This business is SBA Pre-Qualified.

***business not located in indicated city***

Financial

  • Asking Price: $465,000
  • Cash Flow: $173,000
  • Gross Revenue: $462,837
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1991

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:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Truck, tools and equipment are included. (seller will exclude a few personal tools) Real estate: Not available. Seller works from his home and expanded garage.

Is Support & Training Included:

Seller will assist in the transition

Purpose For Selling:

Retirement

Opportunities and Growth:

Add heat pump / mini-split installation. Add pellet / wood / coal stove installation. Consider adding plumbing services. Consider offering services to residential customers.

Additional Info

The venture was founded in 1991, making the business 31 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell businesses. Nevertheless, the genuine factor and the one they tell you may be 2 absolutely different things. As an example, they might claim "I have too many other commitments" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may just be excuses to try to conceal the reality of transforming demographics, increased competitors, recent decrease in incomes, or a range of various other factors. This is why it is extremely essential that you not depend entirely on a seller's word, but instead, use the vendor's response along with your total due diligence. This will paint an extra realistic picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous operating businesses finance loans so as to cover things such as inventory, payroll, accounts payable, and so on. Keep in mind that occasionally this can indicate that earnings margins are too small. Numerous organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that must be satisfied or may lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area attract new clients? Often times, operating businesses have repeat clients, which form the core of their day-to-day revenues. Particular elements such as new competition growing up around the location, road building, and personnel turnover can influence repeat consumers and negatively impact future earnings. One vital point to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the greater the chance to construct a returning consumer base. A final idea is the basic location demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? Just how might the neighborhood median house earnings effect future earnings prospects?