Hvac And Plumbing Company
Location Wyoming,United States
Asking Price Range $5.0M - $10.0M
Gross Revenues $8572776
Net Profit / Cash Flow $2313905
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1963
Number of Employees 20 - 34
Inventory 453280
Relocatable No
Number of Employees 20 - 34
Real Estate Owned
Training 4 wks. & consultation during transition period.
Reason for Sale The older owner wishes to retire. The younger owner prefers to become an employee for approximately 5 years then retire. The staff is being trained to support the owners' exiting plans.
Description This family-owned heating and plumbing business has served southwest Wyoming for over 40 years. They offer residential, commercial, and industrial sales, service and installation of furnaces and air conditioning systems. Outstanding performance and prompt service have built a strong repeat residential and commercial business from loyal customers and long term relationships with commercial contractors. In actuality there is no competition within a 100 mile radius of the company.
The building is highly functional, providing office space, work area and storage, and includes a complete sheet metal fabrication shop. Real property is not included in the sale; however, the current owners are willing to negotiate an acceptable lease based on the expense guidelines of the third party appraisal procured by the owners prior to the sale of the business.
Three small independent firms offering single service options are located in the city but none have the capability to provide the complete package service provided by this company for the past 43 years. An excellent reputation and prompt service have built a strong repeat business environment. The addition of an innovative two-person sales team engaged in direct marketing and a more diversified advertising campaign to include print media may substantially increase company revenues.
Who should inquire about this business? Those with a background in construction/HVAC/Plumbing/HVAC manufacturing reps/construction finance/enginering, etc., who also have a management background. You should have available cash of at least $900,000 for down payment funds and additional working captial. The Buyer will need excellent credit to qualify for third party loans for the majority of the purchase price. The Seller may provide a limited amount of Seller financing. Please see our website: BizAdvocates.com for more information.
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