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Mechanical Services Hvac Plumbing
Location Texas,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $1386000
Net Profit / Cash Flow $430000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1970
Number of Employees 10 - 19
Inventory 125000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Seller will train the buyer for 2 weeks included with the purchase price. The seller is willing to provide additional training of 3-6 months at mutually agreeable remuneration to assist with general management functions for a finite period to be determine
Reason for Sale Retirement.
Description Company is a 40+ year established HVAC & Plumbing mechanical services business located at Possum Kingdom Lake (a major Resort Lake near Dallas Fort Worth Texas.) Residential and light commercial mechanical services are provided including installations, repairs, remodels and a small amount of new construction. The company also specializes in irrigation pumps and servicing boat lifts on docks. The majority of the client base is part-time residents owning secondary vacation homes supplemented by full-time residents. Client residences range from 700 sq ft condominiums or cabins through to multi-million dollar luxury vacation properties. Significant growth opportunities exist by expanding services and territory. The business has excellent, matching financial records. The asking price for the assets of the business is $1,350,000: $300k down and balance commercial/seller- financing to qualified buyer. The seller prefers ALL-CASH but is willing to finance up to $375,000 to a qualified buyer. The assets include inventory at cost of $125,000, accounts receivables of $60,000 and FFEV (Furniture, Fixtures, Equipment, Vehicles) valued at $200,000. The Purchaser is to assume Trade Payables of approximately $25,000 and an existing computer lease.
Facilities:
~7,650 SF of office/warehouse space on approximately 1 acre of land including covered storage. Owner is willing to offer a 5 year lease for $4,000/month plus first right of refusal to purchase at a price of $400,000.
Growth/Expansion:
A new, energetic owner can further increase sales & profits in many ways: 1. expand services to double territory, 2. accept credit card payments, 3. add sales personnel, 4. initiate flat rate pricing, 5. offer service agreements, 6. offer financing for large purchases, 7. add showroom
Financing:
$300k down, balance commercial/seller-financing to qualified buyer
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