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BUSINESSES FOR SALE

If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

Businesses For Sale   >>   North Carolina Businesses For Sale Categories   >>   

Family Owned And Operated HVAC Company

Location  North Carolina,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $1500000
Net Profit / Cash Flow  $315000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1988
Number of Employees  10 - 19
Inventory  80000
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  Seller will provide training.
Reason for Sale  Retirement.
Description  This 23 year old Heating, Ventilation & Air Conditioning Company is located in the southern Piedmont next to the Charlotte metro area. The company has a database of approximately 3,000 customers with 800 renewable service contracts that ensure ongoing cash flow. Revenues averaged $1.5 million the past 3 years with profit margins running around 40%. Ninety percent of the work is service and preventative maintenance with only 10% revenue from commercial and no new construction. The average length of service for employees is 8 years. The seller owns the 3/4 acre property and agrees to lease it at below-market value. This company is also a licensed plumbing contractor. The company maintains ''Comfort Specialist'' rating by Trane and has a very high approval-inspection ratio. Assets include 4 vans, 4 trucks and one trailer. The reason for sale is the owner's retirement. The manager will stay. Owner will provide financing on a buyer for buyer basis. What is interesting about this business is that it maintained sales and profit margins during the down economy. The company's motto is ''Family sells it, family installs it''.
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