Business For Sale Listing 113252
Heating Air Conditioning Contractor
Status as of Nov-21-2008 at 06:07 PM: Off The Market
Business Summary
This heating and air-conditioning business in east central Minnesota has a good profit ratio and has seen incredible growth since its formation in 1995. It services and repairs heating, cooling and refrigeration systems, and installs residential and commercial boilers, furnaces, central air systems and rooftop systems. The owner started the business as a part-time project for himself, but it quickly grew to employee 4 to 5 people and gross $350,000 in sales a year. The debt-free company has done so well, in part, because of its great customer service. The knowledgeable, professional and friendly staff prides itself on its quality workmanship. With 12 years in the area, the business has deep ties to the community and many loyal customers. It has a great reputation and very little competition.
The business is run from a 2-story, 3,600 square foot brick building in downtown. The historic building, which was renovated in 2003, is included in the sale. It contains 4 upstairs apartments that bring in $19,140 a year in rent, 2 commercial storefronts on the main level and a 3 to 4 car parking lot. One commercial storefront is filled with the heating and air-conditioning business. The other has a sheet metal shop and plenty of room for sheet metal fabrication. The building’s full basement is used for office and storage space. The building is within blocks of a movie theater, restaurants, shops, salons, schools, churches and museums. The area provides numerous recreational opportunities, including swimming, fishing, boating, hiking and hunting.
The owner might be willing to stay on for a few years after the business sale as an employee.
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Industry
Location
Financials
| Sales: |
Between $100 Thousand And $500 Thousand ($450,000) |
| Profits: |
Under $100 Thousand ($85,000) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Asking Price: |
Between $1 Million and $2.5 Million ($1,300,000) |
