A Commercial HVAC and Refrigeration Company
Off-MarketLaporte, IN
A Commercial Refrigeration And HVAC Company
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$1,200,000
$300,000
25.0%
2020
Past 24h
Customers
The customer mix is approximately 90-95% commercial and 5-10% residential, with residential work coming primarily through referrals
Customer Acquisition
Work is primarily recurring service calls through established relationships and platform-based work orders via Service Channel for major customers. The business currently has zero advertising spend, with all customer acquisition through van lettering and word-of-mouth referrals.
Team
The team consists of three full-time technicians in the field, one part-time technician who works for another company, and the owner who splits time between field work and office duties. Office staff includes an employee who handles dispatch and invoicing, and owner's wife who manages QuickBooks and business finances. A new full-time salesman was just hired to generate business through flyers, PM contracts, and business introductions
Owner's Role
Owner is out on the field, also does office work as well such as customer calls Owner is open to staying on for the transition post sale
Reason for Selling
Owner is interested in selling but would prefer exploring a merger or partnership option. He would consider staying on for a couple of years to reduce stress and help with growth while potentially transitioning to employment under new ownership. Owner is also open to a full sale if an attractive offer is presented, given his 20 years of experience in the industry
Contracts
No
Real Estate
No
When Are You Looking to Sell
Within the next 6-12 months
Licenses Required
Indiana does not require an HVAC license for service work, only EPA 608 certification for handling refrigerants, which all technicians possess. The business must be registered as a contractor in each municipality where it operates. Service work requires minimal regulatory compliance compared to construction projects that require permits and building inspections. Indiana is favorable for HVAC service businesses due to minimal licensing requirements compared to other states.
Additional Notes
Assets include five fully-stocked service vans, a brand new F250 pickup truck (paid for), refrigerants, parts inventory, ladder racks, and ladders. All vehicles and equipment will be included in any business sale. Owner wants to retain the lettered F250 pickup truck but is willing to sell it if the buyer prefers.
Business ID: 2016
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