Banking & Financial
SOLD! ‘Q3 2018
HVAC Repair Service for Sale? Yes, this high Net HVAC Pristine Social Media Biz in Wine Country is now on the market for sale!
Paso Robles, CA (San Luis Obispo County)
Zip Code: 93446
Asking Price:
$378,000
Cash Flow:
$399,000
Gross Revenue:
$786,000
EBITDA:
N/A
FF&E:
$75,000
Inventory:
N/A
Lease Rate:
N/A /SF
Established:
1994
While other companies are only interested in replacing ailing furnaces or air conditioning units, this company’s philosophy has long been to first provide comprehensive repair services.
Whether replacements are necessary, or it’s a brand new install, customers can count on Company’s well-earned reputation for excellent finishes!
Includes a fleet of branded trucks that are recognized in the community and are “always advertising”.
Offers time & material pricing on repairs, larger corporate work is typically fixed rate.
70% new installations ad 30% service (maintenance/repair).
Seller is actively involved in the business and is onsite for some of the work.
The Company specializes in residential work, but also works for local business owners.
A metalworking shop, on the business premises, supports the commitment to promoting and providing quality repair services.
Seller reports seeking to work with a growing number of housing developers projects in the area.
To ensure that Air-Left project bids are accurate, line items are carefully reviewed for the project plan, and add in extras accordingly. If bids are accepted on large jobs with fluctuating materials, prices are locked in for the term of the project, usually 90 days.
Larger projects are on fixed-rate while repairs are time-and-material.
The consistent growth and success of the business is in part based on principles followed by the Seller. For example, only bid jobs that three men can undertake and complete well, are taken on.
HVAC repair service business, does not take projects that they cannot handle.
Also, they will take on any job the business cannot afford to not be paid for.
Real Estate: Leased
Building SF: N/A
Lease Expiration: N/A
Employees: 3
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Well-located industrial space rents for $800 a month.
Competition: Always plentiful competition in this industry, but if a Buyer maintains the well-deserved and well-earned reputation for excellence, Company will continue to freeze out local rivals.
Growth & Expansion: Experts predict that the market for HVAC-related services is expected to grow at a rate of 6.6% between 2017 and 2021.
Support & Training: Seller offers 6 weeks of training at 20 hours a week.
Reason for Selling: Retirement.
Growth of Industry – Contractors increasingly use mobile technology to access project management software and communicate with clients and coworkers. Mobile devices also allow contractors to order equipment and materials and estimate costs from the field.
Owners and operators of buildings are increasingly integrating their disparate systems into the internet of things (IoT). These integrated applications are more complicated to install, but can help owner/operators save money and lower energy consumption.
Project management software written specifically for the industry can help contractors coordinate their schedules with a general contractor, other subcontractors, and suppliers.
Customer relationship management (CRM) systems allow contractors to maintain contact with customers to ensure repeat business, such as maintenance business. It also gives the contractor the ability to track installations and offer reminders for maintenance or updates.
Contractors increasingly use mobile technology to access project management software and communicate with clients and coworkers. Mobile devices also allow contractors to order equipment and materials and estimate costs from the field.
Emerging technology is allowing one common building system platform to operate and monitor HVAC, lighting, and security systems.
Sellers stay up to date on trends via bi-monthly trade journals and supplier updates.
Opportunity: Global HVAC Market Forecast to Grow – The market for HVAC-related services is expected to grow at a rate of 6.6% between 2017 and 2021, according to a report by industry analyst Reports.com cited by Air Conditioning, Heating, and Refrigeration News.
High tech energy monitoring and “smart” controls are driving the growth. Both of these technologies, help to improve energy efficiency and reduce energy consumption.
These are key components in new residential, commercial, and industrial construction worldwide.
NDA is required for comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
SOLD-HVAC Repair Service for Sale – (Paso Robles, CA)