Listing Title: WELL RESPECTED RESIDENTIAL HVAC BUSINESS
Location: Southeast Michigan
Industry: HVAC Business
Listing ID: MI102322
Listing Status: New
It has been a great run for the founder of this high cash flow and well-established HVAC business located in the highly desirable area of Southeast Michigan. The original owner and operator is now ready for retirement after a successful transition to a new owner.
The company boasts a long list of loyal repeat residential customers who also serve as a wonderful source of referrals. The business has a diverse customer base spanning the service and installation of furnaces, air conditioners, water heaters, mini-splits, and all sorts of indoor air quality products in addition to new custom-built construction, all of which are complimented by an annual service membership. Such solid customers allow the company to avoid low-margin bid projects, given the backlog of work. The service firm’s reputation for quality work and excellent service is outstanding, as evidenced in higher customer service ratings, repeat customers, and year-over-year sales growth.
The company has a crew of 4 experienced, highly trained, competitively-compensated, non-union technicians with most having been with the business for several years. The technicians are regarded as knowledgeable, dependable, and friendly. The seasoned technicians are supported by the seller and a front office manager, both of whom have reduced their roles. A lead technician manages the company’s capable staff.
The owner handles most of the estimates, all the training and field supervision while the front office manager takes care of the office admin and scheduling. Both have agreed to stay on to help the new owner get started and complete a successful transition.
Equipment and vehicles are late model and in excellent working order.
With a favorable SDE multiple of 3.1, the business is attractively priced at $825,000. If you are searching for a successful high cash-flow business located in a growing and desirable region, this business represents an exceptional opportunity.
Total Sales: $1,069,247
Cash Flow: $262,146
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Tanya Popov, CBI, CM&AP, CEPA