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Under LOI

HVAC Business Priced to Sell by Ill Owner! (17606)


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IAG LLC presents an Albuquerque, New Mexico area heating, air conditioning and plumbing services company that provides maintenance and repair services to customers around the geographic region on a 24-hour basis. The 31-year-old institution sells a full range of products, including furnaces, heat pumps, indoor units, outdoor air conditioners, condensers, humidifiers, ductless and control systems, filters, evaporative coolers, plumbing and other supplies. Located within city limits, the 6500 square foot headquarters come with approximately 600-sq. ft. of office space. This leased property is surrounded by a paved off-street parking lot, outside lights, and is zoned for commercial usage, while still capable of supporting additional capacity. Benefited by a well-reputed track record of thirty years and long-standing community relations, the company's skilled personnel of seven nonunion employees plus an owner willing to remain on board makes for a smooth transition period. Apart from an effective word-of-mouth, professional referral sources, the HVC and plumbing company generates new customers from joint building projects and through internet advertisements and social media. The owner’s declining health is the reason for reduced sales activity, service calls and exit from the business. 2022 financial results are $919,653 in Gross Revenue, along with Seller Discretionary Earnings of $206,527. Owner is heavily discounting asking price to $450,000. The business will rebound to its prior $1,145, 261 revenue level with a healthy new owner committed to following up on all customer calls and new sales opportunities.



Listed By: Rebecca Hansbrough

Background information

Seller Number:

17606

Year established:

1990

Reason selling:

Approaching retirement and/or pursuing other interests.

Finance

Sales:

$919,653

Profits:

$206,527

Profit type:

Discretionary Earnings

Operations

Employees:

7 nonunion.

Equipment:

$138,065

Inventory:

Included.

Premises

Facility:

Leased.

Square footage:

6,500+/-

Opportunities

Market:

Internet Ads, WOM Referral Sources & Social Medias.

Price and terms

Price:

$450,000

Financing:

Financing is negotiable for the right buyer.

Owner Transition:

Will facilitate a smooth transition as needed.