Very successful HVAC company (20 yrs) with solid Clientele.
Location: Washington > King County > Seattle Metropolitan
Industry: Building and Const. Services > Construction Sub-Contractors
Financials
Asking Price: $350,000
Gross Revenue: $1,294,842
Cash Flow: $254,000
Cash Flow Comments: FY 2006/7
Inventory: $15,000 (Included in Asking Price)
FF&E: $110,000 (Included in Asking Price)
Seller Financing: The Seller is willing to finance up to 50% of the business for a qualified buyer over 3 years at 8%. Please contact the Broker for bank lending alternatives.
Business Summary
This design/build specialty contracting business was founded 19 years ago with the purpose of providing consistently superior service to residential (primarily) and commercial customers. The company has experienced strong sales and profits due to its excellent reputation and the demographic growth occurring in the area. The client base of the company is primarily located in King and Pierce Counties and the company has contracts for a significant part of their business for the next 2-3 years. There is plenty of room for growth in sales and profits for the next owner, if they desire to take it to the next level.
The hours of operation are Monday thru Friday 7:00 AM – 4:00 PM. The business is operated by 1 full-time owner (husband), his wife who works part-time, plus 6 full-time employees. The employees have many years of combined experience in the industry, much of which are with this company. The owner currently provides general oversight and estimating functions and is open to staying on with the new owner for a negotiated period and wage. There is also a possibility of partial to complete absentee ownership utilizing existing personnel.
The hours of operation are Monday thru Friday 7:00 AM – 4:00 PM. The business is operated by 1 full-time owner (husband), his wife who works part-time, plus 6 full-time employees. The employees have many years of combined experience in the industry, much of which are with this company. The owner currently provides general oversight and estimating functions and is open to staying on with the new owner for a negotiated period and wage. There is also a possibility of partial to complete absentee ownership utilizing existing personnel.
About the Business
Year Established: 1988
Employees: 6 full time - 1 part time
Facilities: The business is located in a 2,400 square foot warehouse/office on a major arterial. Approximately half of the area is office and the other half is a warehouse. The monthly lease payment is $1,800 and has been on a month-to-month basis for a few years. The landlord may be willing to tie up the lease for a longer period of time for the new owner.
Market Outlook and Competition: This company is a consistent performer, year after year due to it's excellent service and reputation. Due to the strong customer base, this company is doing well during the current economic cycle with significant business on the books for a solid period of time.
About the Sale
Management Training and Support: The seller is willing to stay on as long as necessary to ensure a proper transition of the business. The amount of that time that is complimentary vs. consulting is negotiable.
Reason For Selling: Health and Retirement
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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