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- RE: Cash Flow Rich HVAC Contractor
- Contact: Karin Neumann
Quick Facts
Asking Price: | $3,470,000 | |
Annual Revenue: | $4,600,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $1,000,000 | |
Total Debt: | Not Disclosed | |
FF&E: | $500,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2000 | |
Employees: | 15 | |
BBN Listing #: | 986851 | |
Broker Reference #: | 1492-2139 |
Business Overview:
This well-known Heating & Cooling Contractor provides equipment replacement, new installment and service to a primarily residential client base throughout the Connecticut region.The firm enjoys significant operating margins, documented profitability and significant owner benefit.
The company has been fully reviewed and conservatively appraised by an accredited national valuation firm at 4.3x EBITA (ttm). A full valuation report is included and there is $30,000 in Net Working Capital plus another $500,000 in Fixed Assets included in the deal. The business is pre-qualified by an SBA lender subject to buyer’s financials, and by implementing the proposed deal structure an owner operator will obtain more than $470,000 benefit in after-acquisition-debt cash flow in Year #1 – over 65% return on equity investment.
A comfortable transition period will be provided by the owner who truly wants to see the business continue to flourish. Seller will consider a mid-term consulting agreement thereafter. A very well trained and highly qualified team will stay in place and support the new owner in all aspects of the business.
(ALL DATA BASED ON SIGNED TAX RETURNS)
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Property Features and Assets:
This business currently operates from a conveniently located 10,000 sq. ft. leasedwarehouse in Connecticut.
Market Competition and Expansion:
The company enjoys a strong competitive advantage in the service area through its reputation built over 25 years servicing the community. The Company has a solid foundation and is poised for accelerated growth.
It is projected that a new owner will obtain significant additional growth by expanding the sales efforts to service a wider territory, the commercial business, and new HVAC services with a minimal investment of $300,000. The Company projects an annual revenue growth rate under such premise of 20%+ per year with higher gross margins.
Reason for Selling:
Retirement (consulting available)Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Connecticut businesses for sale
- View more Businesses For Sale in the same industry
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- Find a business broker
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