25-Year-Old Residential HVAC Business

General Business Information

Listing ID:

4110-00322

Listing Type:

Exclusive Right of Sale

Price:

$3,200,000

Down Payment:

$3,200,000

Category:

Construction

Subcategory:

Contractor A/C & Heating

County:

Seminole

State/Prov:

Florida

Country:

United States

Sales:

$2,475,107

SDE:

$610,184

Description of Business

Successful 25-year-old residential HVAC business for sale. Revenue and discretionary earnings have been increasing the past few years. The owner, who is in his 60's is looking to retire. They do some specialty work that has high-profit margins. 90% of their business is residential (no new construction). Eight techs. They do hardly any advertising and still have to turn work away. The Seller is willing to hold the license for a year for the right buyer. Excellent Google reviews. Great business, won't last long.

Listing Details

Location:

East Orlando with easy access to I-4 and only minutes from suppliers.

Organization Type:

Sub-S Corporation

Hours of Operation:

M -F 7:30a - 5p (24 hour emergency service)

Years Established:

1997

Years Owned:

25

Employees FT:

8

Employees PT:

3

Managers:

1

Amount of Hours Owner Works:

40

Is Relocatable:

No

Is Home Based:

No

Is a Franchise:

No

Is Lender Pre Qualified:

No

May Qualify for a Visa:

Yes

Financial Information
INCOME PERIOD, Year
GROSS SALES

– Costs of Goods Sold

= Gross Profit

– Total Expenses

= Net Before Taxes
ADD BACKS

+ Owner(s) Salary

+ Benefits

+ Interest Expense

+ Depreciation

+ Other
TOTAL OWNER BENEFIT
2022
$2,475,108

$0

$2,475,108

$2,127,302

$347,806
$200,172

$11,731

$18

$0

$50,457
$610,184
2021
$2,460,373

$747,840

$1,712,533

$1,442,517

$270,016
$189,653

$20,085

$2,188

$8,591

$68,762
$559,295
2020
$2,136,151

$744,346

$1,391,805

$1,311,706

$80,099
$193,362

$16,000

$1,501

$18,171

$23,000
$332,133
Assets Included in Sale

FF+E:

$85,000 Included

Inventory:

$30,000 Included

Total Assets Included:

$115,000

Lease Information

Expiration Date:

2023-08-11

Building Type:

Warehouse

Summary

Reason for Sale:

Retirement

Training and Support:

The seller will assist the new owner in a two week acclimation period at no cost.

Non Compete:

50 miles for 3 years

Owner Qualifications:

The current owner carries a Certified Florida Class B Air Conditioning Contractor License. The current owner is willing to hold the license/be a qualifier for a buyer for one year. Information on this license can be found at: https://www.myfloridalicense.com/CheckListDetail.aspSID=&xactCode=8032&clientCode=0601&XACT_DEFN_ID=2951 The owner also holds an LP Gas License and could hold/be qualifier for one year. Information on this license can be found at: https://www.fdacs.gov/Business-Services/LP-Gas-Licenses/LP-Gas-Training

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER

James Parker

James Parker
General Business Information

Listing ID: 4110-00322

Listing Type: Exclusive Right of Sale

Price: $3,200,000

Down Payment: $3,200,000

Category: Construction

Subcategory: Contractor A/C & Heating

County: Seminole

State/Prov: Florida

Country: United States

Sales: $2,475,107

SDE: $610,184

Description of Business

Successful 25-year-old residential HVAC business for sale. Revenue and discretionary earnings have been increasing the past few years. The owner, who is in his 60's is looking to retire. They do some specialty work that has high-profit margins. 90% of their business is residential (no new construction). Eight techs. They do hardly any advertising and still have to turn work away. The Seller is willing to hold the license for a year for the right buyer. Excellent Google reviews. Great business, won't last long.

Listing Details

Location: East Orlando with easy access to I-4 and only minutes from suppliers.

Organization Type: Sub-S Corporation

Hours of Operation: M -F 7:30a - 5p (24 hour emergency service)

Years Established: 1997

Years Owned: 25

Employees FT: 8

Employees PT: 3

Managers: 1

Amount of Hours Owner Works: 40

Is Relocatable: No

Is Home Based: No

Is a Franchise: No

Is Lender Pre Qualified: No

May Qualify for a Visa: Yes

Financial Information
INCOME PERIOD, Year: 2022


GROSS SALES: $2,475,108

– Costs of Goods Sold: $0

= Gross Profit: $2,475,108

– Total Expenses: $2,127,302

= Net Before Taxes: $347,806



ADD BACKS

+ Owner(s) Salary: $200,172

+ Benefits: $11,731

+ Interest Expense: $18

+ Depreciation: $0

+ Other : $50,457



TOTAL OWNER BENEFIT: $610,184

INCOME PERIOD, Year: 2021


GROSS SALES: $2,460,373

– Costs of Goods Sold: $747,840

= Gross Profit: $1,712,533

– Total Expenses: $1,442,517

= Net Before Taxes: $270,016



ADD BACKS

+ Owner(s) Salary: $189,653

+ Benefits: $20,085

+ Interest Expense: $2,188

+ Depreciation: $8,591

+ Other : $68,762



TOTAL OWNER BENEFIT: $559,295

INCOME PERIOD, Year: 2020


GROSS SALES: $2,136,151

– Costs of Goods Sold: $744,346

= Gross Profit: $1,391,805

– Total Expenses: $1,311,706

= Net Before Taxes: $80,099



ADD BACKS

+ Owner(s) Salary: $193,362

+ Benefits: $16,000

+ Interest Expense: $1,501

+ Depreciation: $18,171

+ Other : $23,000



TOTAL OWNER BENEFIT: $332,133

Assets Included in Sale

Inventory: $30,000 Included

FF+E: $85,000 Included

Total Assets Included: $115,000

Lease Information

Expiration Date: 2023-08-11

Building Type: Warehouse

Summary

Reason for Sale:

Retirement

Training and Support:

The seller will assist the new owner in a two week acclimation period at no cost.

Non Compete: 50 miles for 3 years

Owner Qualifications:

The current owner carries a Certified Florida Class B Air Conditioning Contractor License. The current owner is willing to hold the license/be a qualifier for a buyer for one year. Information on this license can be found at: https://www.myfloridalicense.com/CheckListDetail.aspSID=&xactCode=8032&clientCode=0601&XACT_DEFN_ID=2951 The owner also holds an LP Gas License and could hold/be qualifier for one year. Information on this license can be found at: https://www.fdacs.gov/Business-Services/LP-Gas-Licenses/LP-Gas-Training