LISTING DETAILS
Listing Status: Available
Asking Price: $200,000
Total Sales: $404,244
Cash Flow: $99,828
Real Estate Asking Price: N/A
FFE: $27,500
Inventory: $2,500
Year Established: 1993
Description
Business Summary:
Excellent opportunity to own an established business that provides HVAC, electrical, plumbing, appliance, gas log, attic fan, EAC, humidifier, and other related services. The company was established in 1993 and serves residential and commercial clients across Northern Virginia. The owner takes pride getting to know his customers and providing quality service across a variety of areas at reasonable prices.
This business would make an ideal acquisition target for an established business in this industry looking to expand their footprint, but would also be an attractive turnkey opportunity for an owner/operator. There is a loyal and stable customer base with many long standing accounts. The company has a great reputation in the market with a significant portion of their business coming from word of mouth and referrals.
The owner is looking to retire after running the business for 25 years and wants to ensure the next owner is set up for success. There is a record of stable revenue and cash flow growth from 2017-2019. The business was impacted by COVID in 2020 with about a 26% decline over 2019, but bounced back in the second half of 2020 and closed 2021 strong with revenues about 20% higher than 2019 and 63% higher then 2020 beating out its average cash flow performance which was about $80,000. We don’t expect this opportunity to last long, so contact us today to learn more!
Description of Facilities: The business is based and run from a home office.
Competition: There is standard competition for the industry and market, but this business stands out due to the wide range of services it provides to customers. The company is a one stop shop when it comes to HVAC, electrical, plumbing, appliance service/repair and other related services.
Competition: There is standard competition for the industry and market.
Growth & Expansion: There are several ways to grow and expand the business as the business currently is operated by the owner who is the sole employee. A new owner might consider adding part time or full time staff to augment current operations and investing in a website or implementing a modest marketing/advertising plan to help increase business.
Seller Financing Available: Yes
Reason for sale: Owner is retiring.
Training & Support: Seller will provide necessary training and support.
For more information on this listing, please complete our Non-Disclosure Agreement
