Florida Cooling and Heating Air Conditioner Service

Business Description

For sale is a five-year-old family-owned and operated air conditioning and heating company in Land O’ Lakes, FL. They provide AC repair, maintenance, and installation to residential, commercial, and industrial services (90% residential and 10% commercial).

They have a clientele base of over 6,000. Clients appreciate that the business offers special rates to the military on active duty, vets, and those with family in the service, which has produced many loyal customers. The business model uses remote technicians to service over four counties surrounding Land O’ Lakes, Fl.

The business has shown consistent revenue growth in 2021 and 2022 as it started advertising more efficiently, raising prices, and hiring a second salesperson to double revenue The multiple of 1.75X is aggressively low since 2022 sales and SDE are much higher in previous years, we took this into account and priced the business accordingly. They generate income through new sales, which bring in the most revenue. Residential jobs make an average of $7k, and commercial jobs average $12k

.They stay busy year-round; January and February are the coldest months but can be the strongest financially. The business started renting a 2,500 sq ft. building for $2,500 a month for the admin side of the office in January 2022 and has this property locked in until January 2027. The current owner/operator is ready for early retirement. The new owner will need to be up to date on freon and hazardous materials certifications and will need their HVAC license.

Financial Overview

Asking Price: $1,000,000

Revenue: $1,677,197

Income: $572,366

Multiple: 1.75x

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