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Asking Price$480,000
Revenue | $853,834 |
Established | 1957 |
Cash Flow | $255,188 |
Employees | Undisclosed |
FF&E | $473,702* |
Franchise | No |
Inventory | $70,539* |
Relocatable | No |
Real Estate | Undisclosed |
Home-based | No |
* Included in Asking Price
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With 250 maintenance agreements, this HVAC company has been serving customers for nearly 60 years. This business provides sales, installation and service of heating, air conditioning and air quality/handling systems for home, office and other usable spaces. They are an authorized dealer for a well-recognized manufacturer. The current client base is 50% residential and 50% commercial, providing diversity of sales income. The 2015 Gross Sales were $853,834 and the Profit margin for that year was 29%. Products and services are available to clients within a 45 mile radius of the office, which is west of Lincoln, NE. Assets included with a purchase of the business equal $583,449. The business has an established website, a social media presence on Facebook and Twitter, maintains a blog on WordPress and utilizes newspaper advertising, reaching out to customers on a variety of platforms.
The Owner’s current responsibilities include bidding and office management and Owner’s spouse handles install billing, rebate, warranty and newsletter. The full staff includes 2 service techs, 1 installer and 1 office person who handles marketing, service billing and accounts receivable and payable.
Using the funding example above and using the 2015 Cash Flow of $255,188, a Buyer could retain $177,513 as net profit even after servicing the loan payments. The loan is fully collateralized with the current equipment and vehicles.
Reason for Selling: Aging Owner Personnel: 2 service techs, 1 installer, 1 office Hours: M-F 8:00-5:00 History: 1957; Current Owner 1994 Lease: Seller will rent the space to a new Owner for $2500/mo Support to Buyer: Seller will provide training and transition support for 90 Days Additional Information:
Assets Included in Purchase $583,449 (Equipment: $100,481, Vehicles: $344,873, Furniture and Fixtures: $28,348, Inventory: $70,539, A/R: $39,207 *amounts vary*); Location and Service Area: Eastern side of Nebraska, just west of Lincoln, NE, serving customers county-wide within a 45 mile radius; Client Demographics: 50% residential/50% commercial;
Gross Sales 2015: $853,834 Owner Profit/Cash Flow 2015: $255,188 2014: $239,449 2013: $181,158
Valuation: Cash Flow X Multiple = Fair Market Value $255,188 X 2.8 = $714,526 A $234,526 discount on the Fair Market Value was given due to geographical region. Profit Margin: 29%;
Funding Example: Purchase Price: $480,000 10% Buyer Down Payment: $48,000 15% Seller Financing: $72,000 75% Bank Loan: $360,000
Facilities: | Location and Service Area: Eastern side of Nebraska, just west of Lincoln, NE, serving customers county-wide within a 45 mile radius Lease: Seller will rent the space to Buyer for $2,500/month |
Ad #77939
Seller Reference #SER019
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