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Residential/Commercial HVAC Company For Sale

17/wk
Passaic County, New Jersey, United States
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Asking Price$725,000
Revenue$1,080,000 Established2015
Cash Flow$180,000 Employees7 full-time
FF&E$85,000* FranchiseNo
Inventory$2,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Profitable business opportunity to own this successful residential / commercial HVAC business with a 2017 gross income of $1,080,000 and a net yearly income of $180,000 plus owner discretionary income. The company income represents 80% maintenance / repairs and 20% new installation. This twenty-year-old HVAC company offers residential and commercial service throughout the state of New Jersey. The company’s certified technicians are experienced and trained to service, maintain, install and repair all makes and models of commercial air conditioning & heating equipment. From the way they insulate ductwork, to the running of the copper refrigeration pipe, their quality is professional. They spend their time needed to insure the work is completed satisfactory. The company services the New Jersey metropolitan area with commercial and residential customers with professional HVAC service. The company is a trusted resource for Heating & Air Conditioning since 1996 and their professional & courteous staff have the experience to help with any Heating & Air Conditioning installation or repair. They pride themselves in outstanding service & quality installations of energy efficient Air Conditioning & Heating Systems for both residential and commercial clients. This industry requires state government licensing approval to operate. This company has seven full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $22,000. The business must be relocated out of the present private home base office, post-closing. The business fixed assets has an estimated value of approximately $85,000 which is based on equipment and licensing replacement cost. The sale consists of a fully equipped commercial HVAC company, which includes two box trucks, one van, one expanded van, various related equipment, displays, shelving, POS system, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This HVAC business operation is active five to six days per week, with hours from 8:00 am to 6:00 pm. The sale includes all the required documentation including the required state or city licenses to conduct its day to day business operation. The business has been valued at $725,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, seller and bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a 33% investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Facilities:This business opportunity is in Northern New Jersey, Passaic County, and services multiple highly populated affluent cities with continued demand and need for this service. The facility represents a private office and consist of 1,150 square feet and can be relocated anywhere.
Competition:Although competitors presently exist in the industry, this is not an issue for the growth of the company. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth Potential:The business presently has a limited marketing system, basic web site and if improved with a more effective advertising campaign can further develop the yearly gross sales.
Training/Support:If required the present owner will remain post-closing for sixty days to supply an appropriate transitional period to the new owner / operator.
Seller Financing:Financing is available to a qualified buyer.
Sale Reason:The sale is due to the owners retirement.
Ad #100004
Seller Reference #SVS348
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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