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Highly Successful HVAC Contractor

A highly successful Heating, Ventilating, and Air Conditioning (HVAC) contractor is willing to sell his business and retire. The Seller considers himself burned out after 31 years in that business. This HVAC contractor emphasizes new construction, and his customers are typically building contractors. The company is well known with a highly favorable image. It is located in a Middle Tennessee suburb that has been experiencing high growth, which is expected to continue for many, many years. After acquiring this business, the Buyer will be free to increase the emphasis of the more lucrative servicing of existing HVAC systems business segment. Many years of installing HVAC systems in new homes have provided a very large number of good customer leads for future service business. Due to the high level of growth in the area, excellent opportunities for growth are also available by adding additional building contractors as customers or by continuing to serve existing customers as the customers continue to grow their businesses. This business has been growing since its inception 21 years ago, and has served many of its customers for over 20 years. The business includes an almost new building in a choice industrial and office park in an excellent location. This business has been prequalified for an SBA loan.

Furniture, Fixtures, & Equipment: $90,000
Vehicles and / or rolling stock: $85,000
Inventory: $65,000
Accounts Receivable (if included): $-0-
Land and Building (if included): $325,000
Other Assets: $35,000
Current Liabilities to be assumed: $-0-
Current Notes to be assumed $-0-
Asking Price: $650,000
Down Payment: $97,500
Annual Sales Volume: $1,189,000
Cash Flow: $218,000