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HVAC Company - Over 50 Years in Northern Kentucky for sale in Boone County, KY

Boone County, Kentucky (KY)

Asking Price: Gross: Cash Flow:
$ 690,000 $ 1,580,000 $ 261,000

Furniture and Fixtures Value:
$ 133,000 (included in the asking price)

Inventory Value:
$ 7,000 (included in the asking price)

Business Summary:
This retirement aged owner enjoyed the best year in the history of his company in 2016 with over $1,580,000 in sales producing $260,000 in owner earnings. The company’s work encompasses a variety of residential, commercial, and industrial systems including home & office comfort systems, steam boilers, hot water boilers, chilled water systems, duel fuel systems, and geo – thermal heat pumps. Their service personnel are hybrid in nature, capable of servicing both residential and commercial customers. The company enjoys a good mixture of customers from both sides of the river. Other highlights include:Up to date software system in place for quotes & contacts3,000 square foot office & warehouse available for leaseExcellent and broad base of customers in Kentucky and OhioPurchase price includes all equipment & 8 vehicles valued at over $130,000Purchase price includes inventory over $5,000 in valueOver 30 years of office management staff experienceOver 40 years of technical staff experience in the fieldLicensed in Ohio and KentuckyEPA Certified & Factory Trained

 

   
Year Business was Established: 1966
   
Number of Employees: 7  
   
Facilities / Terms of Lease: 3,000 square foot office and warehouse is available for lease  
   
Potential Growth/Expansion: Minimal advertising has been done along with no outside sales person present on their staff. Electronic advertising, custom mailings, and an outside sales presence would undoubtedly lead to increased sales.  
   
Competition: The HVAC industry is competitive, but the history and reputation of this company permits it to have a great level of repetitive business and sustained growth from word of mouth.  
   
Owner willing to finance: SBA loan is available  
   
Owner willing to train: Yes  
   
Reason for selling: Retirement  
   
Seller Reference Number: 22117
BusinessMart.com Listing Number: 206618
 

 

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For more info contact:

Dan Long

Cincinnati Business Brokers
513-315-3006

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