HVAC Service and Installation Company with Real Estate

HVAC Service and Installation Company with Real Estate

Price: $1,650,000

Location: Nassau, New York

Industry: HVAC, Plumbing

Listing ID: 977

This nearly 60 year old heating and cooling company with a well-established, long term customer base is available for acquisition.

The company serves customers throughout the Nassau, NY & Western Suffolk County area with installation and servicing of Central Air Conditioning Systems, Gas Forced Air Heating Furnaces, Heat Pump Systems, Air Cleaners, Humidifiers, Zoning Systems, Ductless Mini-Split Systems and Water Heaters. They have a database of over 7,000 Lifetime Customer with 385 customers on Service Contracts.

This reputable HVAC Company has a reliable, well-trained staff with a high retention rate. The company’s service staff is supervised by a NATE Certified Ace Technician (North American Technician Excellence) and technicians are fully trained and certified by the EPA, ACCA, National Grid and the Trane Company.

Revenues from this HVAC company has grown significantly over the years and the new owner will be in a great position to reap the benefits of continued growth.

Gross Revenues

2018 $1,604,807

2017 – $1,484,660

2016 – $1,403,138

2015 – $1,369,278

The company has a storefront in a prime location. It has experienced significant growth in number of service contracts. With many long-standing client relationships and multiple nearby new high-density residential communities currently undergoing construction, this company is prepared for long term success and continued growth. The owner will assist with transition and provide support for the new owner to ensure a smooth transition.

Listing Details

Revenue: $1,604,807

Cash Flow: $354,353

FFE: $70,000 (Included in Price)

Inventory: $3,000 (Included in Price)

Real Estate: $800,000 (Included in Price)

Form of Ownership:

C Corp

Reason For Sale:

Retirement

Training & Support:

Owner will provide training and support and facilitate a smooth transition.

Operation

Year Established: 1956

Days & Hours of Operation: M-F: 8:30am to 5:00pm Saturday: Emergencies only

Owner Hours Per Week: 40

Employees: 10

Managers: 1

Location

Type of Location: Stand Alone

Square Footage: 3278

Facilities Information:

Building Size:3,278 sq. ft.

Description of Use: 75% Warehouse/Work Area, 20% Office Space, 5% Retail

Facility Highlights: Located on main road, retail counter, warehouse area with large overhead garage door, 6 car parking area, two restrooms, partial unfinished basement, fully heated and air conditioned (except basement), alarm system, 3 phase electrical service.

Recent Additions: New storefront glass door and windows, two HVAC systems, alarm system.

Real Estate Acreage:0.11

Lot Dimensions:50’x100’

Building Class:481

Summary

Owner Qualifications:

County home improvement License.

Restricted electrical and plumbing licenses

Employee EPA certifications

Competition:

Key Factors that differentiate this HVAC company from it’s competition:

•Personal service and longtime presence in the community

•Quality well-known products

•Customers are well acquainted with the employees because of their long-term employment; this makes them comfortable with who is doing the work.

Potential Growth:

The HVAC industry is growing and evolving due to rising construction activities, increasing population, urbanization, climatic changes and decreasing unemployment rate. Rising demand for energy-efficient products continue to create generate growth in the HVAC industry. With the increase of spending on construction in the US, HVAC contractors are in an excellent position to capitalize on the opportunities in the market that lie ahead.

Identified growth opportunities for this company include:

• Expanding geographic service territory

• Large replacement market within existing customers due to long-standing business relationships

• Targeting new high-density residential communities being built nearby

• Offering 24/7 services

• Expanded marketing program with local publications and social media advertising.

Anthony Citrolo

anthony@nybbinc.com
631-390-9650
Address:
The NYBB Group
25 Melville Park Road Suite 216 Melville, NY 11747

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