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For sale is a 45 year old HVAC business in Coachella Valley that is experiencing phenomenal growth. Owner wants to retire by year-end. Revenues for fiscal year end are currently projected to top $5 million dollars and free cash flow will nearly double its current level of $494,000.00 dollars. The asking price is 1.6 times earnings at $795,000.00 dollars. Priced to sell.
This business has a current multi-million dollar backlog of new commercial construction including new facilities related to the passing of Proposition 64. Grow facilities will require twice the amount of HVAC units as normal and maintenance of these units will guarantee residual revenue for many years to come.
The staff and general manager are committed to working hard at growing this company beyond its current levels.
The owner is eager to retire and is looking for the right buyer to take his place. The ideal new owner must have a license from the California Contractors State Licensing Board (CSLB) and experience managing related contracting services. It will be necessary to have at least 40k in monthly working capital.
SBA approved and financing available to the right buyer.
Lease Exp: 12/31/2017
2,201/ month per annum
7am to 4pm
12 weeks, 24 hours/week
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