Sept 2021 - Business was just recently preapproved by a lender!
With just 10% down / 10% seller financing ($70K on a $700K purchase) business is preapproved for an owner-operator with fair credit (680 + score) for a loan of $560,000 by lender, at 6% APR for 10 year amortization.
Ask price is lower than the amount pre-approved by lender, making for an amazing opportunity!
Two Great HVAC Companies for One Low Price!
Sheet Metal Fabrication and Commercial HVAC Company was founded in the early 1980’s, as a sheet-metal fabricator and commercial HVAC installer.
The un-related but complementary business does mostly residential HVAC services was founded in 2002 and boasts over 2000 customers, many of whom are on a monthly club/loyalty membership services plan.
Financial figures provided here represent the annual average of the past 3 full years of financials (2016-2019) for these 2 combined businesses.
COVID-19 and licensing issues (now resolved) have hurt most-recent performance, but company is quickly getting back on track after having secured one of only 3 state-wide master distributorships and obtaining a new license to allow company to now sell not just HVAC but also GreenTech products and services.
Mostly absentee-owned, and open to all reasonable offers. Seller/owner has other business interests.
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.