Sold
Sold
HVAC Business with Outstanding Reputation
$600,000
Oklahoma County, OK
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Gross Revenue
$1,377,058
Owner's Cash Flow
$274,491
Min Down Payment
$90,000
Employees
7 FT
Business Summary
The business was originally founded in 2010 by the owner after he left his prior job in the HVAC industry. The owner decided to leave to start his own HVAC business where fairness and transparency were the highest priorities. After 12 years, he's built up a strong team of administrative staff and field technicians and grown the business to more than $1.3M in annual revenues. The owner is looking to retire and find a buyer who is interested in taking the business to the next level with marketing and investments in technology.
Key Highlights
Year established
2010
Real estate
Leased
Reason for selling
The owner is retiring from the HVAC industry and is looking to support his wife in her philanthropic business venture.
Support and training
The owner is willing to stay on for up to 3 months to help with the transition.
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Consolidated Cashflow
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Gross Revenue | $1,380 | $824 | $9,052 |
| COGS | $9,743 | $7,290 | $2,237 |
| Gross Income | ($8,363) | ($6,466) | $6,815 |
| Operating Expenses | $4,389 | $8,141 | $9,049 |
| Operating Incomes | ($12,752) | ($14,607) | ($2,234) |
| Net Other Income (Expenses) | ($4,233) | ($5,058) | ($149) |
| Net Income | ($16,985) | ($19,665) | ($2,383) |
| Interest | $6,691 | $3,652 | $9,651 |
| Depreciation | $8,294 | $6,103 | $3,692 |
| Amortization | $4,151 | $7,288 | $3,590 |
| EBITDA | $2,151 | ($2,622) | $14,550 |
| Add-backs | $73,481 | $74,581 | $54,089 |
| Owner's Cash Flow | $75,632 | $71,959 | $68,639 |
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Projected Free Cash Flow
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