Located in New York State with thousands of available clients, the Company services a diverse list of commercial customers, including most of the local major gasoline companies, drug store chains, convenience stores, fast food restaurants, as well as private commercial accounts such as nursing homes, large/small office buildings, and major general contractors. In addition to HVAC/Refrigeration, the business builds and repairs sheet metal installations, as well as maintaining a variety of convenience store equipment.
With projected sales for full year 2022 of $4.8 Million, the cash flow results are increasing substantially, The Company has never advertised and doesn’t maintain internet search availability. The Seller has close relationships with large chain store operators who are requesting service for additional locations up and down the East Coast region.
The Company is an authorized service agency for many of the leading equipment companies in the HVAC/R and convenience store industry. The business processes an average of 5,000 service calls per year, mostly on a will call basis, and there are various maintenance contracts with automatic renewals in place.
Their superior customer service has built the business with long-lasting clients and numerous referrals over many years. The office and warehouse facility, which includes a sheet metal fabrication workshop, is available for a long-term lease at competitive rates. The purchase price includes 13 vehicles, as well as a significant amount of work-in-progress and future projects.
The Seller is rarely in the office/warehouse, and operates the business remotely by phone and email. Management personnel employees are available to assume additional responsibilities. There are 8 mechanics, 2 sheet metal fabricators, a foreman, and office manager on staff, all are non-union. Seller will assist Buyer throughout and after the transition, if desired.
Sales volume and cash flow numbers posted are an average of the past 3 years.
This opportunity is ideal for an owner-operator, or as a strategic acquisition for operators in the commercial heating, air conditioning, and refrigeration industry.
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