Business Description
For sale is a 21-year-old Inland Empire area HVAC business that services residential and commercial customers, with a focus on residential (80% but no new construction). They also offer plumbing and solar panel installation services, though those are fairly new and the majority of revenue comes via HVAC jobs.
The business has showed steady YoY growth and typically does around four HVAC installations per week. They have around 500-600 residential customers on annual twice-a-year HVAC maintenance contracts, which brings in a significant amount of recurring revenue. They have nine employees, many who have been with the company 7+ years.
The company did a lot of jobs in November/December and while that revenue didn’t count towards 2022 numbers, they currently have almost $200K in A/R.
The business is required to maintain California-specific licenses for each of its specialties. If a buyer didn’t have the appropriate licenses, there are several employees who could act as RMOs (Responsible Managing Officers) for HVAC, Plumbing, Solar and Electrical.
While the owner wants to retire, the Operations Manager is open to staying on and continuing to run the day-to-day, allowing a buyer to be as active or passive as they wish.