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: |
4/2/2020 |
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. |
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 |
|
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