Orange County HVAC, $924K Sales, $315K DE, SBA financing

Fast-growing, high-profit margin HVAC contractor in Orange County  $924,543 2020 Projected Revenue, $315,284 2020 Projected DE Offered at $685,000 down payment of $105,570 with SBA financing.  The HVAC contractor has 5 Star Yelp & Google reviews, a great staff, excellent books & records plus a successful marketing and business operating system in a place built for growth This is an exceptionally well-run HVAC contractor providing service and installation throughout Orange County. 

The business has not been hurt by Covid-19 and has been growing during this time.

The company has 4 technicians consisting of 2 experienced installers/tech, 1 service tech, and 1 apprentice.  The office admin promptly handles incoming calls, scheduling, and tech communications. 

The owner’s role is sales, quotes, and general management.   The company has an active marketing campaign on Yelp driving new inquiries and referrals are a major source of business as well.

Summary: 

• $924,543 sales projected 2020 
• $315,284 projected 2020 DE based on year to date thru August 
• Offered at $685,000  
• SBA financing available for qualified buyer
• $106,570 down payment with SBA Financing 
• $235,736 Net After Debt Service with SBA financing 
• Excellent books and records, minimal add-backs

The company is well known for its prompt response and quick scheduling for service calls as well as the friendly and helpful attitude of its staff.  Yelp and Google reviews rave about the staff, service, and quality of services from the company.   

Services: 

•  Residential HVAC Service & Repair
•  Installation of New HVAC units 
•  Service & Warranty for all major brands  
•  Smart Thermostat installation 

Buyer Skills and Requirements: 

The owner is actively running this business and the buyer will have to be willing and capable of learning to run this business.  While the buyer does not necessarily have to be a trained HVAC technician they must be willing and capable of learning the technical aspects of this business.  This is not a passive owner business.  

The owner has a C20 HVAC Contractor License and will act as the RMO (Responsible Managing Officer) for the buyer for up to 12 months (maximum allowed by SBA).  The buyer will have to obtain their C20 license.  The Seller does sales and quotes and will train the buyer in this process. The Seller will provide training for 4 weeks/40 hours per week and will consider paid consulting the initial training period.  

Reason for Selling: 

The owner is investing in real estate/rental properties and intends to move out of state. The seller would like to find a qualified buyer that will continue to successfully run the business. 

Down Payment and Working Capital Required: 

The down payment and working capital required for this transaction is a minimum of $106,570 down payment with SBA financing, plus working capital.  Financing details are in the Confidential Information Memorandum (CIM) provided after receipt of your NDA and Buyer Profile.