This California HVAC business was started in 1970 and is “the” go-to HVAC company in the area, providing heating, ventilation and air conditioning equipment (HVAC) for residential (40%) and commercial and industrial applications (60%). They provide sales, installation, maintenance and repair services. Sales are roughly 60% to 70%; service and maintenance 30% to 40%. The facility includes a warehouse and office space and is leased with an easy transfer of the lease available. The company has a proven track record supported by over 50 years of ongoing business. With its niche range of products & services, the marketing efforts focus on targeting residential and commercial customers within a 50-mile radius of its Central San Joaquin Valley location. The business had added a franchise a few years ago but found it didn’t add revenue or profit and was more trouble than it was worth. The business is so well recognized and so strong that the franchise label was inconsequential, and a new owner will save the franchise fees! The business is being sold without the franchise, which will end in October 2021 and the strong business won’t miss a beat! Last year, 2020, despite the pandemic, the total revenue was just under $2 million, with Seller’s Discretionary Earnings close to $250,000 despite higher equipment costs due to pandemic issues. With a large customer base and solid reputation, the company continues to attract new customers while maintaining its reputation with existing ones. The owners are now senior citizens and are looking for the right buyer to take over their successful, 50+ year-old business. They will remain in the area and are committed to assisting a new owner continue their success! Don’t miss this one!
Listing includes Equipment of over $200,000 and Inventory valued at $40,000.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.