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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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NJ HVAC Company
(Services)
Passaic County , NJ
Listed Price: $ 595,000
Listing ID: SVS402

Listing DetailsGross Revenue: $ 1,133,881
Cash Flow: $ 395,155
FFE: $ 250,000 (Included in Price)
Reason for Sale:

The owner is relocating out of the state of New Jersey.


Training & Support:

The owner will remain post-closing in order to supply an appropriate training & transitional period to the new operator.


OperationsYear Established: 1994
Non-owner Payroll: $ 19,000
Employees: 3
Absentee Owner: No
LocationLease Expire: 0000-00-00
Type of Location: Home Based
Facilities:

The company is located in northern / central New Jersey, Passaic County, which consists of various highly populated affluent communities with continued demand for this professional service.


SummaryBusiness Description:

Highly successful professional New Jersey HVAC company that services various commercial companies including national franchise businesses with their refrigeration, heating and air conditioning needs. This is non-residential, commercial contracts only. The business has a 2017 gross yearly income of $1,133,881 and a net yearly income of $395,155. The company services all of its customer’s needs, from light commercial to industrial HVAC applications and commercial refrigeration. They are committed to excellence from installation to products in order to best service to customer care. This particular business has three employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $19,000. The company does not have or require a commercial lease location and the business is maintained from the owners’ home office. The business has been valued at $595,000, based on a multiple of the average net yearly income which includes the specific business assets and possible seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a solid investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.


Competition:

Competition is a non-issue to this company due to the particular type of industry.


Potential Growth:

The business presently has a limited marketing plan, no web site and if improved can further develop the business bottom line net income.


Financing/Terms:


Seller financing is available to qualified buyers.