
Chicago Area Heating, Cooling, Electrical, Plumbing, & Generac Generator Business
Established Chicago area contractor
Description
This multi-service has become an established Chicago area contractor specializing in installation and service for residential backup generators, HVAC heating and cooling, new circuits for Electric Charging Stations and home electrical and plumbing installation and repairs.
Recurring sales and cash flow, great support group of technicians to assist with expansion of business.
Owner is willing to continue working with a buyer both during transition and after, with terms to be negotiated.
The business is located just outside Chicago, Illinois. Shop is approximately 1,900 sf. with outside parking for service vehicles. Included in the asking price are service vehicles and moving equipment valued at over $285,000, Inventory of parts, supplies, and equipment at $150,000 and inventory of generators at approximately $150,000 will be inventoried and negotiated for inclusion in the asking price at closing..
Support/Training Description
The owner is willing to offer transition assistance to the buyer and continue employment with terms to be negotiated between the seller and buyer. The business has a qualified team of technicians supporting the HVAV, electrical, plumbing and residential backup generator business divisions.
Market /Competition
Today all marketing and sales is done by the owner and assistant. Leads generated from the retail business will at times exceed 50 leads per week. Adding additional sales associates will shorten the time contacting a prospective customer and allow a better follow-up sales process. The business has obtained permits and licensing to service over ninety (90) towns and cities around the Chicagoland area.
Financials
Asking Price: $4,000,000
Gross Revenue: $3.4 million, Projected to grow to $5.4 million
Furniture, Fixtures and Equipment (FF&E): $290,000, included in asking price.
Inventory Value: $150,000, not included in asking price
Established: 2016
Growth & Expansion
Business growth is expected to be exponential, with sales exceeding $5 million, with much of the increase coming from growth in its residential backup generator division.
Reason for Selling
The owner is committed to helping the buyer succeed which includes transition time for training and customer introductions. The seller would like more time with his family but is interested to continue working with a buyer, with terms to be negotiated.
Financing Notes
Some seller financing is available for a qualified buyer.
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