Residential HVAC, 36% Margins, SBA Qualified - Business for Sale
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Residential HVAC Service Company in Utah
UT, US
Added 2 days ago
Residential HVAC Service and Replacement
4 years in business
Residential HVAC service and replacement company based on Utah's Wasatch Front, primarily serving the service, repair, and system replacement market with established referral relationships and home-based operations.
Key Information
Asking
$875K
Revenue
$768K
Earnings
$275K
Multiple
3.2x
Key Highlights
- Business was founded in 2022 and has four years of continuous operation.
- Five warranty and property-management referral relationships generate the majority of work.
- 57 monthly maintenance agreements with effectively no churn.
- Home-based operation with no facility lease; includes four service vehicles and $144,329 invested in tooling in 2023.
- Parts inventory of approximately $11,955 at cost is included.
- Three field employees plus owner; owner is replaceable with a working manager estimated at $60,000 to $80,000 salary.
- Asset sale; SBA 7(a) qualified; no seller financing; seller receives all cash at closing.
- Debt service coverage is approximately 1.45x at the SBA minimum equity injection, after paying a new owner a $90,000 market salary.
- Buyer must hold or obtain a Utah S350 specialty contractor license; license does not transfer with sale.
Contact Info
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