Details - Information last confirmed on April 1, 2021
$1M+ Average adjusted net income over the past 5 years! Established commercial HVAC company with a 40-year track record. The Company has developed a broad industry-diverse customer base. While it has established niches in restaurants and fitness, the company's years of experience, tenured staff, and strong management team have enabled the Company to endure the inevitable business cycles throughout the decades. Major clients come from real estate, property management, hospitality, healthcare, professional buildings, manufacturing, retail, schools, municipalities, places of worships, clubs, and multi-unit franchises. 2020 is proof of the durability of this company and its tenured staff of over 25 employees in the installation and service divisions, The company also has a small products division that resells under its own brand. The Company is also developing a niche within Michigan's burgeoning cannabis industry.
If you are not already licensed, please see this page regarding licensing in Michigan. Owner is open to assisting in the licensing transition, however he is required to exit within a year if there is an SBA loan. This business has been pre-qualified by SBA lenders.
The company is based in SE Michigan with service trucks dispersed for efficient access to customer sites While most business is conducted in SE Michigan, the company serves the entire state. The facilities are owned, and can be leased from the Seller at fair market rent. The Company currently occupies a 3000 sf office and 6500 sf shop, and there is room for expansion. The Buyer may also purchase or have an option to purchase the facilities, which are not included in the sale price. Such a purchase would need to accommodate a 1031 Exchange.
With a solid reputation built over decades, the Company enjoys a strong referral base of general contractors and other building industry players, multi-unit and single store franchise owners, and its large historical customer base.
The Company does no marketing and has no sales staff. It is quickly developing a niche in the booming cannabis industry, just it has developed a track record and reputation in earlier niches throughout it's 40 years in business. Additionally, it does not proactively sell or attempt to penetrate existing niches where it has developed satisfied clients, simply allowing word-of-mouth to bring in business.
Seller will be available to provide training and consultation over 3-9 months for a smooth successful transition. Seller started this Company and has over 40 years of experience in the commercial HVAC industry. Seller works half-weeks primarily overseeing the finances, the facilities, and reviewing designs along with other management staff.
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