Listing ID: 80638
This is a well-established business in the heating and air-conditioning industry that services commercial and residential communities on the island. This business attracts new and repeat customers through its preventative maintenance program. Customer growth is rapidly expanding and experiencing an increase in sales. Unaffected by the pandemic and has a solid customer base.
-Established business since 2015
-A consistent pace of increasing sales due to rapid growth in the community
-High-quality customer base in tourist destination, real estate commercial and residential including private communities
-Continuously acquiring new customers averaging 250+ for the last 5 years
-Top-notch customer service care
-Profitable to owner
-Ideal location to expand the business, more housing development are exploding in the area
-Very low cost in marketing
-Outstanding social media reviews
The owner will agree to commit to one-on-one training for a period of 30 days.
This business is suitable for someone who has an existing business wanting to expand and create a wider spectrum of customers or someone with extensive backing in HVAC or electrical background with all the business activities aspects and technical expertise including techniques and customer service protocols.
Asking Price: $995,000
- Asking Price: $995,000
- Cash Flow: $874,000
- Gross Revenue: $2,200,000
- EBITDA: N/A
- FF&E: $317,000
- Inventory: $278,000
- Inventory Included: Yes
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
The owner is retiring due to health issues and relocating.
The business was started in 2015, making the business 7 years old.
The transaction will include inventory valued at $278,000, which is included in the requested price.
The company has 5 employees and resides in a building with disclosed square footage of N/A sq ft.
The building is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell companies. Nevertheless, the genuine factor and the one they tell you might be 2 completely different things. For instance, they might claim "I have a lot of other commitments" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may just be excuses to attempt to hide the reality of altering demographics, increased competitors, recent decrease in incomes, or a variety of various other factors. This is why it is really crucial that you not rely completely on a vendor's word, however instead, make use of the seller's solution combined with your total due diligence. This will repaint a much more practical image of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many operating businesses take out loans with the purpose of covering points such as stock, payroll, accounts payable, and so on. Remember that sometimes this can imply that profit margins are too small. Numerous companies fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that have to be satisfied or may cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location draw in new customers? Often times, companies have repeat consumers, which develop the core of their day-to-day profits. Certain variables such as new competitors sprouting up around the location, roadway building and construction, and also personnel turn over can influence repeat consumers and negatively impact future earnings. One vital point to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Certainly, the more individuals that see the business regularly, the higher the possibility to develop a returning client base. A final idea is the basic location demographics. Is the business located in a densely populated city, or is it located on the outskirts of town? How might the local typical household earnings influence future income potential?