This Twin Cities commercial HVAC company provides repair and replacement services for heating, ventilation, cooling and refrigeration needs for commercial, industrial, property managers and multi - unit housing buildings. The company was started 30+ years ago and has a stellar reputation for service and responsiveness to their customers. Their business is 100% commercial, industrial, & property management business. There is no single family residential business by desire. Most of their customers are repeat customers, having used this company for their repair and replacement needs for years. Their long term customer base has grown to a point that the demand for service is difficult to meet. The company does not do new construction. The Pandemic and a hand injury to the owner had an initial effect on revenue for 2020, but the year ended strong and again customers creating greater demand than the company had the personnel to do. 2021 saw business levels back to normal. The best buyer will have extensive HVAC experience or the ability to hire that expertise and take on that additional business available.
- Asking Price:
- $375,000 (USD) Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $645,635 (USD)
- Cash Flow:
- $295,992 (USD)
- Premises Details:
The business is currently run out of the owner's home.
- Expansion Potential:
Because of the quality reputation of service and responsiveness, the company already gets called for more business than it can handle today. By adding appropriate staff, a website, and creating a marketing program, this company could grow far beyond the levels that they are at today.
- Competition / Market:
There are many other local competitors in the market. Not all specialize in just commercial work.
- Reasons for selling:
The owner wishes to start to process of retirement.
- Trading hours:
- 2 FT
- Years established:
- 33 Years
- Support & training:
Will train for 4 weeks @ no cost
The company provides repair and replacement services for the heating, cooling, ventilation and refrigeration needs of their commercial account base. The qualified buyer needs understand how to manage a business and a be knowledgeable about the HVAC industry. Several licenses and certifications are also required to operate this business.
- Furniture / Fixtures value:
- $45,757 (USD) - included in the asking price
- Inventory / Stock value:
- $5,000 (USD) - included in the asking price
- Home based:
- This business can be run from home.
- This business can be relocated.