Listing ID: 76927
This is a great opportunity to purchase a long-standing, award-winning HVAC Contractor in the San Gabriel Valley! This well-established company has an excellent reputation for high quality work and customer service. Services range from service & repair, installation of new, design of custom, and replacement of old AC and heating systems for residential and light commercial customers. The business is fully staffed with highly skilled, knowledgeable, long-term, and loyal employees. Six vehicles are included in the sale. A buyer will need to purchase the inventory on hand at closing in addition to the business price. On average, the business carries approximately $50,000 of inventory. This opportunity is ideal for a buyer in the HVAC service, maintenance and installation industry looking to grow through expansion. A Mechanical Contractors Licenses (C20) is required. This business is positioned for expansion & growth! Call Now!! or Email: email@example.com
- Asking Price: $325,000
- Cash Flow: $218,739
- Gross Revenue: $1,638,544
- EBITDA: N/A
- FF&E: $41,000
- Inventory: $50,000
- Inventory Included: N/A
- Established: 1965
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,700
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
This business has a leased location of 3,700 square feet with a total monthly rental of $4,500. The seller is active in business with 7 FT employee. Hours of operation are 9:00 am - 5:00 pm, Monday - Friday. Included in asking price: $41,000 in equipment and fixtures.
thirty (30) days
The business was established in 1965, making the business 57 years old.
The transaction doesn't include inventory valued at $50,000*, which ins't included in the asking price.
The company has 7 FT employees and is located in a building with disclosed square footage of 3,700 sq ft.
The building is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell businesses. Nevertheless, the true reason and the one they tell you might be 2 absolutely different things. For instance, they may state "I have too many various commitments" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may simply be reasons to try to hide the reality of altering demographics, increased competition, current reduction in earnings, or an array of various other factors. This is why it is extremely vital that you not rely totally on a seller's word, but instead, use the vendor's solution together with your general due diligence. This will paint an extra practical image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses finance loans so as to cover points like stock, payroll, accounts payable, and so on. Keep in mind that sometimes this can suggest that revenue margins are too thin. Lots of businesses fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that should be fulfilled or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract new clients? Many times, companies have repeat customers, which create the core of their day-to-day revenues. Particular elements such as brand-new competition growing up around the area, road building, as well as personnel turnover can affect repeat customers and also negatively impact future revenues. One important point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business often, the greater the chance to construct a returning client base. A final thought is the basic location demographics. Is the business placed in a densely inhabited city, or is it located on the edge of town? Exactly how might the neighborhood average house income influence future revenue potential?