Details - Information last confirmed on April 30, 2021
This Manufacturer’s Representative and distributor for boilers and hydronic accessories is an Essential Business. This company has been in business since 1959 and is a 2nd generation business. The primary source of income is from the SF Bay Area, Northern California and Reno, Nevada region. This business distributes Hydronic (water and low-pressure steam) heating boilers as used in single, multi-family housing, office buildings, schools, commercial and process heating.
Sales during 2017, 2018 and 2019 have consistently been over $2.9M and in 2020, their sales have had a slight decrease of 8%.
With 4 Full Time Employees, this business is a very lean operation. The business is run by the owner, a small sales team, a Warehouse Manager and the office manager. Sales in 2018 were 2.9M and in 2019 were $3.2M. Sales will continue to see growth of 24%. Approval of a new tankless water heater will present a large opportunity for increased sales.
This business is listed at $2.3M ($1.2M in inventory and $400K in Accounts Receivable is included in price). SBA has pre-approved this essential business for 1.5M. Contact Broker for full Memorandum on this Essential, Profitable and Recession proof busines
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