* Included in Asking Price
Improving air quality and air flow in homes and offices since 1998
Improving air quality and air flow in homes and offices since 1998! Research shows that cleaning even lightly fouled HVAC systems can result in 11% energy saving for clients according to National Air Duct Association (NADCA). Family and locally owned and operated for over 17 years providing friendly and personal service to 40% commercial and 60% residential clients in Omaha, Lincoln and surrounding area with 40% of total clients being recurring!
Heating, ventilating and cooling a building or home consumes the most energy and ironically these systems are the most poorly maintained. Contaminated by dirt, dust, and dander these fouled systems produce poor air quality, poor performance, reduced thermal comfort, system failure and use even more energy than clean system. This business provides the solution by professionally cleaning exposed surfaces to airflow within systems such as ductwork, vents, registers, blowers, coils and other system components. This complete cleaning is highly specialized and varies greatly compared to routine maintenance for adjustments. This cleaning service results in peak efficiency, increased pressure change of 30% which improves air quality, reduced maintenance costs and extends clients systems life expectancy.
An established and simple formulary based bidding process enables free estimates over the phone for clients to quickly make a decision to schedule service. Combined experience of over 25 years, a team of two knowledgeable technicians provide exceptional service to clients. The current owners are a couple that are responsible for answering phones, bidding, scheduling, maintaining certifications, continued education and bookkeeping. Though the owners are actively involved in day to day operations they achieve a 60% profit margin. In 2014, owner’s profited cash flow of $337,988! A new owner can project to earn a 131% return on their 10% down payment with a net operating income of $117,371 in the first year of ownership!
Sales Trends: Sales grew 53% from 2013 to 2014
Profit Margin: 60%
Location and Service Area: 30% of revenue earned in Lincoln, 50% in Omaha and 20% in surrounding areas
Client Demographics: 40% of total clients are recurring; 40% commercial and 60% residential; A/R consists of 6-12 residential invoices per month and 5-6 commercial invoices, all other collectibles are due onsite upon completion
Current Owner’s Responsibilities: President/Secretary and Vice President/ Treasurer/Office Manager: review blueprints, simple formula based bidding, answer phones, schedule appointments, maintain NADCA Certification via annual continuing education and maintain all bookkeeping
Assets Included in Purchase: $ 242,227
- Equipment: $1,477 (camera and snow blower)
- Vehicles: $200,000 Replacement cost for 2 vans complete with vacuum, compressor & equipment
- Intangible Assets: $750 Business Name
- A/R: $40,000
*amounts may vary
Purchase Price: $892,000
- 10% Buyer Down Payment: $89,200
- 30% Seller Financing: $267,600
- @ 5.75% interest – 5 yr. term = $5,142/month
- 60% Bank Loan: $535,200
- Bank Loan 45% Collateralized
- Net Operating Income (Profit) $117,371
- 131% Return on Down Payment in Year 1
|Growth Potential:||Swab testing in hospitals and medical facilities which require exceptionally clean ductwork|
|Training/Support:||1 – 2 year transitional period; 30% Seller Financing|
Seller Reference #SER020
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