Sold
31 Year old HVAC Serving the Detroit Metro Area
Incredible opportunity to own a 31 year old heating and air service business serving all of Detroit Metro. 65% of business is residential 35% commercial, no refrigeration and no new construction exposure. Long term clients and a growing business. No CRM currently in place. Using Quickbooks for accounting and payroll is outsourced.
Current employees: the owner, one technician and an office manager.
Listed By: Patrick Lange
Background information
Reference:
781-00142
Year established:
1993
Reason selling:
Retirement
Finance
Sales:
$557,000
Profits:
$134,000
Operations
Employees:
2
Equipment:
Included in asking price $50,000
Inventory:
Included in asking price
Premises
Facility:
Currently on a month to month lease
Rent and lease terms:
$1,450 per Month
Location:
Madison Heights, MI
Price and terms
Price:
$390,000
Down payment:
$390,000
Training:
Owner will remain on short term to ensure a smooth transition. He is looking to retire, not for long term employment.