Midwest HVAC and Plumbing Company

Business Description

For sale is an 11- year-old company offering residential HVAC, plumbing, air quality services, and 24-hour emergency services.  The company has over 1,100 active service plans and dominates up-selling indoor air quality services in the Kansas City Metro area.  The fleet of five fully stocked and paid-for vans act as “rolling warehouses.”  Approximately 94% of customer estimates turn into sales.  Additionally, the company has a 96% customer retention rate along with 5-Star Google Reviews, an “A” rating with the Better Business Bureau, and Angie’s List has also given them an “A+” rating.

The company uses well-rounded Master Service technicians in the top 1% of all technicians in the area, capable of installation, service calls, and trained to sell products.  This cross-utilization makes the technicians a “Swiss Army Knife” employee, reduces the need for extra sales employees, and increases margins.  HVAC-related services account for 85% of revenue, Air Quality 8-10%, and Plumbing 5-7%, with an average ticket value of $1,200.

The owner expects all employees to stay post-sale.  Kansas requires Master Plumbing and Master Mechanical licenses to operate the business.  The lead technician will have his Master Mechanical license by the end of the year.

2020 2021 2022 2023 YTD Thru October TTM
Revenue $2,420,316 $3,023,696 $3,666,644 $3,286,161 $3,854,009
Earnings $1,131,815 $1,292,918 $1,527,899 $1,621,313 $1,819,751

 

Financial Overview

Asking Price: $9,100,000

Revenue: $3,854,009 TTM

Income: $1,819,751 TTM

Multiple: 4.9x

The listing is either pending or closed so the NDA cannot be signed