OFF-MARKET-High Net South Carolina HVAC Company for Sale

OFF-MARKET ‘Q3 2023

High Net Coastal South Carolina HVAC Company

Myrtle Beach, SC (Horry County)

Seller Financing Available if the price and deal structure is right.

Asking Price: $975,000

Cash Flow: $360,000

EBITDA: $275,000

Gross Revenue: $1,579,139 (2022)

FF&E: $577,000 (gross)

Inventory: Negotiable

Established: 2003

Employees: 9 FT

Business Description
The company excels at delivering short shelf-life, temperature sensitive products every day. The company has built a very strong customer base with the potential to grow revenue to over $5M very easily.

The company boasts of a strong base of loyal commercial clients with year-over-year growth since the company’s inception (except during COVID). The company’s focus on high-end HVAC/R services that caters to higher end clients has created an entry barrier for the other, HVAC competitors.

The company is selective in its client base by requiring a long-term business partnership with every client. The company also requires that the client have budgeted amount projected for regular repairs and maintenance with a minimum annual budgeted amount of $20,000 in repairs plus capital expenditures. The HVAC company also requires that its clients have a structured corporate accounts payable department.

NDA required {SUBMIT BELOW} to receive comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

Detailed Information

Facilities: One location (leased). All equipment and labor is in place to support projected growth.

Competition: The company faces competition that is typical of the HVAC industry. However, the company’s focus on high-end clients with complex needs is an important differentiation in the market.

Growth & Expansion: The current ownership has facilitated a recovery from COVID that severely impacted the company, since most of its clients were corporations who were shut down during the pandemic. The company has nearly recovered to its pre-COVID revenues and has experienced 10%+ year-over-year growth in 2021 and 2022. It is projected to grow similarly in 2023.

Financing:
TBD if structure and terms are acceptable.

Support & Training:
As needed – specific terms for transition support can be negotiated. The Seller wishes to facilitate a successful and smooth transfer of the Business.

Reason for Selling:
Retirement and other interests.