The founder/owner/seller of this successful 22 year old Michigan business built his company by establishing a reputation for outstanding service and quality – the cornerstones for success in the HVAC industry. As the owner approaches retirement age, he has decided to proactively seek the successor for his business. The seller is willing both to stay on for a negotiated transition period and to carry a meaningful seller note for a qualified buyer.

The company, located in a beautiful West Michigan community, is a fully licensed HVAC business serving primarily the residential marketplace. The business is in an attractive 3,000 square foot facility which includes a 2,600 square foot shop suitable for all of the company’s fabrication needs. The company employs three installers and two service techs – all seasoned and loyal. The real estate (available for lease or separate purchase) is ideally situated in an area central to the service territory of the business.

The company has averaged annual revenues of $1.15 million the past three years with an impressive average annual SDE (seller’s discretionary earnings - the normalized cash flow available to pay an owner/operator and service debt) of nearly $200,000. The listing price for the business, $595,000, contemplates an asset sale which includes all fixed assets (with an estimated value in place of approximately $100,000) and goodwill. The sellers will retain cash and A/R while retiring all liabilities. Inventory (approximately $50,000 at cost) must be purchased separately.

Posted Jun 13, 2016

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