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Listing Number: NG17625 Contact Information About this Business
Type of Business: HVAC - Light Construction
e-mail: kdavis@novarsgroup.com
Location: Virginia Market
phone: (804) 527-1103
 

Business Description

The company is a heating, cooling and refrigeration operation that is rapidly growing since it incorporation 1 year ago.  It aggressively markets its services in the Richmond, VA market by operating a lean operation.  The company reputation has allowed it to acquire new business that supports its rapid growth. 

The customer base is about 60% commercial and 40% residential. Its commercial customer base includes 1 large retail food chain (with about 20+ stores throughout the Richmond market), 12 apartment complexes, 27 hotels, and 4 large warehouse operations.  They have current bids for a major home center, retail outlet and convenient store chain.

The company presently services about 300-400 residential homes annually. 

The company started this year its construction unit for home remodeling and light construction. The strategy is to become a full-service company in construction and HVAC installation and service.

The company would be a nice acquisition for a person or business wanting to enter the HVAC market; likewise, it would be a nice acquisition for an existing HVAC operation looking to expand its current operation.

Reason for the Sale: the owner has decided to pursue other opportunities.

       
Furniture, Fixtures, & Equipment: $N/A Asking Price: $285,000
Vehicles and/or Rolling Stock: $13,000 Down Payment: $Negotiable
Inventory: $25,000    
Accounts Receivable
(if included):
$N/A 2007 Annual Sales Volume: $332,000
Land & Building
(if included):
$N/A 2007 Cash Flow: $108,000
Other Assets: $none    
Current Liabilities to be Assumed: $none 2008 Projected
Sales Volume:
$650,000
Current Notes to be Assumed: $none 2008 Projected
Cash Flow:
$140,000
 

Note: The Brokers have made no investigation or verification of the information presented herein.