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Air Conditioning & Refrigeration Company With 75% Recurring Maintenance & Repair Clients for sale in HI

Hawaii (HI)

Asking Price: Gross: Cash Flow:
$ 2,950,000 $ 3,666,589 $ 714,936

Business Summary:
This leading Air conditioning and Refrigeration company has been serving the island of Maui for 23+ years. 75% of their maintenance and repair clients are recurring while about 50% of their installation clients are recurring. The owner has built a solid customer base and provides services to commercial clients like condos, shopping malls, retail stores some of which have relationships with this company spanning 10+ years. The owner currently focuses on general financial and business oversight as well as the bidding process.

This company provides their AC, refrigeration and Sheet metal services to even the farthest areas of the Maui island and their average monthly revenue is $400K. Their service projects range from $100K to $500K while installations range from $100K- 200K. There are 16 employees on staff including service and installation managers, technicians, a sheet metal expert, assistants and a bookkeeper. They are known as the #1 refrigeration and air-conditioning company on Maui because of their excellent customer service and prompt quality repairs.

Operations are managed from a large 6,000 square feet location in the Kahului area. The office has 2,000 square feet of space and the remaining 4,000 square feet is dedicated to their warehouse and sheet metal shop.

This company does no marketing and the only advertising they do is from their website and ads on their trucks. Over the years, all of their business has come from word of mouth due to the excellent service they provide. With $1.5M in assets, this company is 52% collateralized and their current pipeline is greater than $2M.

 

   
Year Business was Established: 1997
   
Number of Employees: 16  
   
Owner willing to finance: 15%  
   
Owner willing to train: 6-12 months  
   
Reason for selling: Retirement Planning  
   
Seller Reference Number: TRA027
BusinessMart.com Listing Number: 264201
 

 

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For more info contact:

Cortney Sells

The Firm
4029985288

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