What’s a better place for an air conditioning business than in central Texas where 100+ degree summer weather is the norm! Then there’s the bonus chilly winter heating months with temperatures as low as single digits!
50% of sales for this family owned and operated Company are for commercial accounts, while residential work is approximately 50% of revenues, although this varies from year to year. An estimated 85% of sales is installs/change outs, while another 15% is maintenance contracts. New home construction projects are very minimal for this business model.
In one of the fastest growing USA regions, Seller estimates there’s a minimum of $1,000,000 of projects already scheduled for 2023. The business holds a customer base of 2,500, providing HVAC repair work, installs, change outs, new product sales, duct cleaning, and around 400 maintenance contracts. Their trade area is a 100-mile radius, which includes a nearby major metropolitan city.
Their excellent reputation and superior customer service has built the business with long-lasting clients and numerous referrals over many years. The recently remodeled main office, with highly visible highway location and fenced yard for storage, is available for a long-term lease at competitive terms. The purchase price includes seven service vehicles, trailers, and other equipment, as well as a significant amount of work-in-progress and future projects.
Experienced project managers and technicians are in place, as well as install helpers and administrative staff. Seller works full-time at the business, and will consider staying onboard with Buyer after the transition for a period of time, if desired.
This opportunity is ideal for an owner-operator, or as a strategic acquisition for operators in the commercial heating and air conditioning industry.
Sales volume and cash flow numbers posted are an average of the past 3 years.
Currently, the business focuses on residential and light commercial services, however, there is an opportunity to expand into other areas. Seller believes Buyer could expand to major Texas cities by adding to the Company’s existing infrastructure. Buyer may also consider other service specialties such as plumbing and electrical jobs.
Apex has several additional HVAC opportunities in the Central USA coming soon and in other industries. If this one isn’t quite right for you, contact us to be on our priority contact list for new listings.