Sold
Central Valley Plumbing and HVAC Company
The company is a well established plumbing, heating and air conditioning business built on a rich history of integrity and innovation. The business employs a team of trained technicians, and well versed customer service and dispatch operators to promptly and professionally meet customer's needs. They provide a wide suite of services with specialists to handle heating and cooling systems, both installation as well as service. Additionally, they offer a complete range of plumbing services from repair to re-pipe and water filtration systems. The company has maintenance service contracts to keep equipment in excellent condition.
The current owners are committed to designing energy efficient, state of the art solutions for all the air-conditioning, heating and plumbing needs of their customers
Listed By: Patrick Collins
Background information
Reference:
BAKERCA001-47346
Year established:
Decades
Reason selling:
Retirement
Finance
Sales:
$3,000,000
Profits:
$416,447
Profit type:
Discretionary Earnings
Operations
Employees:
They are fully staffed with the necessary technicians and support staff to execute on the business. There are a total of 13 employees plus two owners
Equipment:
This business is equipped and sold with a full turnkey status including service vehicles, fabrication and welding equipment, and all necessary tools and support equipment
Inventory:
Inventory includes a wide range of standard materials for current and future jobs, for install, repair or replacement jobs.
Premises
Facility:
The facility is completely turnkey for the plumbing and HVAC business including fully improved office space for administration and staff support. The attached warehouse includes inventory and houses all related equipment and inventory
Square footage:
5,000
Rent and lease terms:
Rent is $1.00 per square foot, on a triple net basis
Location:
Central California Metropolitan Area.
Opportunities
Growth:
There are several areas that could provide for growth and expansion including the "Green Home Program", Solar services, and various specialized lab work in several industries.
Market:
The plumbing and HVAC industry is widely fragmented but appears very healthy as both repair and replacement with more energy efficient equipment provide significant opportunity. Additionally, the growing popularity of service maintenance agreements is a great opportunity for customer retention, expanded service opportunities, and provides a consistent revenue base.
Price and terms
Price:
$1,300,000
Down payment:
$1,300,000
Financing:
This business should qualify for an SBA loan subject to the approval of the Buyer.
Training:
The owners will provide up to four (4) weeks of training at twenty (20) hours per week as part of the sale. They are definitely willing to provide additional support at agreed upon terms and conditions.