Heating, Air Conditioning and Plumbing

Undisclosed Address, Lubbock, TX
Business Opportunity for Sale
Catylist Listing ID: 30257615
Property Subtypes: Building and Construction Services
Building Size (RSF): See Agent
Sale Price: $899,000
In Opportunity Zone? Yes
Gross Revenue: $2,499,025 (Annual)
Cash Flow: $173,110 (Annual)
Last Updated: 4/7/2021

Overview / Comments

Well established residential and commercial Heating, Air Conditioning and Plumbing Company in Lubbock Texas. The Company specializes in new and repair service for residential and commercial. The company has developed a long-standing customer base with more than a 1000 customers. Revenues have increased each of the last 3 years with 2015 showing over $170,000 increase in net profit.

Additional Details

Industry Segment: Other Services
Reason for Selling: Owner is ready to retire
Value of Inventory Included ($): $52,921
Value of Furniture, Fixtures, and Equipment ($): $36,184
Value of Real Estate Included ($): $0
Real Estate Lease Description: Well located facility in growing area of Lubbock consisting of fenced in area with adequate building space. The building can be purchased or leased.
Employee/Labor Description: 15 FT/3 PT
Mgmt/Training Support Description: Will train for 6 weeks @ no cost. Each department has long term key employees in management positions with licenses necessary for new buyer.
Competition/Market Description: Approximately 4 competitors ranging in the same size revenues, employees and vehicles on the road.
Growth/Expansion Opportunities: Company has a well-established name and clients with a large portion of their business in niche markets. Company continues to have advantage over competition because of name brand products at higher discounted cost. There are several areas of income streams in service, warranty and replacement work that owner has suggested could be added for growth. Owner has recently established a new product that is expected to increase revenue substantially for the future.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,434 92,047 191,923
Median Age: 27.5 29.58 31.99
Households: 6,432 32,817 73,479


Photograph of Listing Agent

David Powell, CCIM

The Powell Group at Keller Williams Commercial
West Texas CIE Member
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