Listing Number: 0101-996386
Description
For 40 years, this company has been the S. Florida ultimate service provider for residential air conditioning, major appliance, plumbing and electrical repair and change-out services. Employing a team of technicians, plumbers, installers and trained specialists, this company provides service to its 5,300 + annual contract customers as well as service repair and installation services for countless non-service contract customers. Service area is from Miami-Dade through St. Lucie counties and expanding. 38 seasoned full time employees covering service techs, install techs and office administration plus a General Manager who has indicated a desire to stay with the company post sale. Fleet of fully equipped branded service vehicles is included in the sale as is $200,000 + of inventory and all related tools and equipment. Strong financials with no “add-backs’ other than owner’s salary and depreciation. This is a contractor trade firm and one that sells, maintains and services residential service contracts which is regulated by the FL Department of Insurance. The ideal Buyer has related trade industry experience, HVAC and other related State licenses and will obtain (if not already in place) the required insurance contract license from the State of FL. Seller will assist in a smooth transition but, as this is a true retirement sale, has not expressed interest in staying on with Buyer for an extended period of time beyond transition or in qualifying the Buyer’s professional license(s). All Buyer prospects to provide proof of liquid funds to purchase and related Bio/resume disclosing related professional experience. See listing Broker for full offering memorandum including multi- year financial report.
Listing Details
- Price: $750,000
- Down Payment: $750,000
- Sellers Discretionary Earnings: $149,878
- Total Sales: $5,115,601
- Location: Broward County, Florida
- Inventory: $200,000
- FF&E: $75,000
- Employees: 39
- Year Established: 1984
- Reason for Selling: True Retirement
- Category: Construction
