Business for Sale

HVAC Business - 45 Years Old - 1.6 Multiple / High Earnings!

BizEx973-DC

Background

General Location:Palm Desert, CA
Category: Miscellaneous Repair
Other Miscellaneous Services
Engineering
Business Services (B2B)
Construction
Agriculture
Business Services
Years in Business:45 years
Under Present Owner:20 years
Hours of Operation:7am to 4pm
Owner Hours:7am to 4pm
Training:12 weeks @ 24 hours
Organization Type:
Lease Expiration:
Lease Options:
Building Size:3,800
Employees:24
Reason for Sale:Retirement

Financials

Asking Price:$795,000
Down Payment:Negotiable
Gross Sales:$4,229,851
Discretionary Cash Flow:$494,000
FF&E:$260,942
Inventory Included?
Inventory:
Min. Operating Capital:
Real Estate Available?No
Rent:$2,201
Financing:Call

2017 2016 2015
Gross Sales $ 3,429,317 $ 3,299,735 $ 2,127,253
Gross Profit $ 1,301,774 $ 881,352 $ 616,215
Disc. Earnings $ 494,040 $ 266,694 $ 154,649

Description

For sale is a 45 year old HVAC business in Coachella Valley that is experiencing phenomenal growth. Owner wants to retire by year-end. Revenues for fiscal year end are currently projected to top $5 million dollars and free cash flow will nearly double its current level of $494,000.00 dollars. The asking price is 1.6 times earnings at $795,000.00 dollars. Priced to sell.

This business has a current multi-million dollar backlog of new commercial construction including new facilities related to the passing of Proposition 64. Grow facilities will require twice the amount of HVAC units as normal and maintenance of these units will guarantee residual revenue for many years to come. 

The staff and general manager are committed to working hard at growing this company beyond its current levels. 

The owner is eager to retire and is looking for the right buyer to take his place. The ideal new owner must have a license from the California Contractors State Licensing Board (CSLB) and experience managing related contracting services. It will be necessary to have at least 40k in monthly working capital. 

SBA approved and financing available to the right buyer.


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Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.

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David Chavez
Business Broker
4551 Glencoe Ave., Suite 210
Marina del Rey, CA 90292
Office: (310) 882-2200 ext 133
Direct: (310) 503-6847
Lic#: 01918858