Listing #: 1603

Location: Northeastern MA/ Southern NH

Description: This long-established company is practically turnkey with its current staff and systems in place. The business is 80% residential service and replacement. 10% commercial and 10% new construction. The 80% residential service component makes this a very desirable company within the HVAC space!  The company boasts 7000 residential customers and has the email address for almost all of them!  About 1100 are on a written service agreement. This presents an opportunity for a new owner to focus on signing up more of these longstanding customers!

The company has a Master Electrician and Master Plumber so they can control quality throughout the process of servicing a customer. A separate division sells automatic delivery home heating oil and operate two delivery trucks. Of the 7.2 million in 2019 revenue, 5.9 million was HVAC related and 1.3 million dollars was in residential oil delivery.  The Seller will consider selling the oil division separately, but the whole package is being offered at this time. Cash flows are after estimated real estate mortgage payment!                                                

Financial Information:

Yearly Gross: $7,198.000
Cash Flow / SDE: $1,022,600 SDE or $872,600 EBITDA
Assets / FFE: $750,000 plus or minus (Included)
Inventory: $100,000 (Included)
Real Estate: $575,000 or Lease: $4500 per month
Financing: Pending SBA Pre-Screen
Asking: $Offers!

General Information:

Year Established: 1987

Facilities: 7000 plus SF, 5 overhead doors

Type of location: commercial /industrial
Support/Training: Owners will assist in a smooth transition

Reason Selling: Other interests on part of CEO
Employees:  33 FT, 1 PT

Franchise: No   Home-based: No  Re-locatable: Yes

For more information, please contact:

Company: ROI Corporation a BBANE Affiliate

Broker: Gary Rayberg

Broker: Phone: 781-682-6209 ext. 2