HVAC Company in New York State
Off-MarketElmira, NY
HVAC Company In New York State
Request an Introduction
Sign in to request an introduction to the seller and unlock full deal details.
$926,000
$260,000
28.1%
1958
30+ Days
Customers
The company serves primarily owner-occupied residential properties, along with approximately half a dozen churches under service agreements.
Customer Acquisition
Owner is content with the current business size and is not pursuing growth at age 68. The website has been taken down, and no advertising is being conducted.
Team
The company employs three field employees who handle both service work and sales activities. One employee holds a licensed plumber certification, which is required for water heater installation permits.
Owner's Role
The owner runs the office operations and occasionally performs emergency service work.
Reason for Selling
Owner, age 68, is open to selling at the right price or will work until age 75 and pass the business to a family member. He's seeking a 4x multiple.
Contracts
The business operates 840 service agreements, with 300 being auto-deduct accounts. The service agreement structure includes a few tiers: 261 gold yearly accounts, 325 auto-deduct accounts, and 255 silver accounts. Gold accounts rarely cancel except due to home sales or customer death, while silver accounts maintain 80–90% yearly renewal rates.
Real Estate
The company owns its operational building/office and prefers not to sell the real estate, but is open to leasing to a new buyer.
When Are You Looking to Sell
6-12 months
Licenses Required
Yes
Additional Notes
Return only the cleaned-up version, with no additional commentary.
Business ID: 1560
Unlock Premium Features
Get everything you need to find, finance, and acquire your business
Personalized Deal Flow
On and off market deals curated to your search criteria.
Unlimited 1:1 M&A Support
Expert advisors to help you spot red flags, negotiate your offer, and hand hold you all the way to close.
Pre-Vetted Deal Team
- * Intros to our preferred lenders
- * Access to our investor community
- * Discounted 3rd party Financial and Legal diligence