***Special Note: In a victory for small business buyers, the recent $900BB stimulus bill directs the SBA to pay the first 6 months of new SBA 7(a) loans approved between February 1 and September 30, 2021 (up to $9,000/month). Our advice: Don’t wait. Find a quality business and get moving quickly. Banks will be busy this year and buyers that wait until July/August will likely lose out.
This business is a highly profitable plumbing and HVAC business located in a small, Northern Lower Peninsula city. The 60+ years established, family-owned company is a dealer, installer, and service provider of plumbing and heating, ventilation, and air conditioning (HVAC) systems and equipment.
The company’s customer base consists of loyal commercial, residential, industrial, and institutional customers. The business sells and installs furnaces, air conditioners, boilers, stoves, fireplaces, sinks, faucets, toilets, and other related HVAC systems.
The licensed and professional staff including refrigeration experts, journeyman plumbers, and accredited mechanical contractors provides reliable service. Products and services are backed by preventative maintenance and extended warranties.
As an essential service provider, the Company remained open during the COVID-19 shutdowns with essential commercial and institutional work. The business has been booming as things have opened back up.
Real Estate: Owned
Total Building Size: 28,400 sq. ft.
Seller Financing Available: Yes
Seller Note: Limited Seller-Financing Available for Qualified Buyers.
Number of Employees: 21
Year Established: 1959
Facilities: 8,400 sq. ft. office and showroom for administrative operations and to display products and 20,000 sq. ft. warehouse and sheet metal fabrication shop.
Support/Training: Ownership is interested in staying with the business post-sale. Ownership will provide reasonable and customary transition assistance.
Reasons for Selling: Retirement
(1) Well-Established Company with Loyal Customers
(2) Full-Service Capabilities & Limited Competition
(3) Highly Skilled Staff with Low Turnover
(4) Recession Resistant
(1) Introduce Innovative Hiring Methods
(2) Favorable Long-term Industry Trend
(3) Bolt-on Acquisitions
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