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Businesses for Sale: Listing Details

 
VERY CASH FLOW STRONG PLUMBING / HVAC
Seller: Attn: Achim Neumann
Location: Central Ocean County, NJ, USA
Listing Number: "1492-1039"


Asking Price: $2,575,000 USD USA Dollars
Industry: Services: Construction, Contractors
Reason for Selling: Retirement / new partner
Year Established: 1980
Number of Employees: 20
Yearly Revenue: $3,700,000
Yearly Cash Flow: $680,000

Overview:
Our client is successfully operating an HVAC facility that provides service and replacement via a nationally recognized franchise. In addition, plumbing repair, service and installation is provided for new installations. The target market is primarily residential, with commercial being only 20% of revenue. The business is well established for 20 plus years with an excellent reputation and has weathered several cycles in the construction industry over the years. Most recently, the company acquired franchise rights, which has shown tremendous upside potential in the past year. Nevertheless, the company had experienced a slight decline in revenue due to the overall economic activity in the past two years, however, seller’s discretionary cash flow remains strong. The business is attractively priced, and a buyer can recoup his initial cash outlay of only $700,000 in less than a year. Free cash flow (after debt service/ acquisition) is approximately $550,000, with significant upside potential. The business is pre-qualified on an SBA lending basis, there is no bank debt to be assumed; and the assumption of $250,000 A/P is largely offset by A/R of $200,000 (all current). A buyer will obtain a return on down payment of 80%, on an after-debt service basis! The owner is motivated to make this an easy transfer and will assist a buyer in all aspects of the transfer. However, while the owner is selling, he could also envision a partnership with a qualified buyer. The long-term, loyal employee base will stay with the business and will ensure the continued growth. All Data Is Based On Signed Tax Returns.

Property Features and Assets:
Very nice, located close to major highways.

Market Competition and Expansion:
Competition: Company has a very strong position in its area. Growth and Expansion: Excellent, in particular with franchise in place and start-up costs completed.

Additional Details:

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