Non-Union HVAC Business For Sale in Nebraska With Sales over $900,000

11/wk

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

Training/Support:

90 Days

Seller Financing:

15%

Sale Reason:

Aging Owner