Listing ID: 83365
Highly reputable family-owned business that has been in operation for 15 years with a dedicated team of licensed service techs focused on bringing the latest and most efficient systems and solutions to the customer with comfort as the key priority. The business began with heating and air conditioning service and installations but has since added plumbing service and installations, and an in-house sheet metal department to fabricate and install all of the duct work needed for their jobs.
This business provides service to the central Maine area, mostly operating through word of mouth. Service and installation customers are 75% commercial with the rest being residential. With its knowledgeable staff and strong customer service, the business benefits from mostly repeat customers. This high retention is also the result of the optimized savings and efficiency that they consistently offer. This is a great industry to be in as there will always be customers that require HVAC and plumbing services.
- Asking Price: $1,725,000
- Cash Flow: $445,289
- Gross Revenue: $2,939,294
- EBITDA: N/A
- FF&E: $398,100
- Inventory: $30,000
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:5,088
- Lot Size:N/A
- Total Number of Employees:19
- Furniture, Fixtures and Equipment:N/A
Currently operations are located in Central Maine with a fleet of 13 vehicles. This business is relocatable but a buyer may potentially lease the property if interested.
Exploring new opportunities
The company's strong customer service and efficiency, along with low turnover of key employees makes them stand out among the competition. This is not what you usually see with other companies.
There are many ways to grow this business. One would be to physically increase the staff in order to meet demand. Increasing marketing efforts could also result in more business. Advertising is currently done through social media and word-of-mouth.
The transaction shall include inventory valued at $30,000, which is included in the suggested price.
The company has 19FT/1PT employees and is situated in a building with disclosed square footage of 5,088 sq ft.
The building is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell operating businesses. Nonetheless, the true reason vs the one they tell you might be 2 absolutely different things. For instance, they might say "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may just be excuses to try to hide the reality of altering demographics, increased competitors, recent reduction in incomes, or a variety of other reasons. This is why it is really essential that you not depend absolutely on a seller's word, yet instead, use the seller's answer together with your overall due diligence. This will repaint an extra realistic image of the business's current situation.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses take out loans in order to cover things like stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can indicate that profit margins are too small. Lots of businesses come 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 take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that need to be met or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area bring in new consumers? Most times, companies have repeat customers, which develop the core of their day-to-day earnings. Specific elements such as new competition sprouting up around the area, roadway construction, and also staff turnover can influence repeat consumers and also adversely impact future revenues. One important thing to consider is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business on a regular basis, the higher the possibility to build a returning client base. A last thought is the general area demographics. Is the business situated in a largely populated city, or is it located on the outside border of town? How might the neighborhood typical house earnings impact future revenue potential?