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Plumbing And Hvac Business In Western Suburbs For Sale

Kane County, Illinois
Asking Price:
$250,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$450,000 (USD)
Cash Flow:
$100K - $250K (USD)

The current owners are the 4th generation owners and have worked for the company over 40 years. They are located in the Western suburbs of Chicago. This suburban contracting business specializes in HVAC installations, repairs & maintenance for both residential & light commercial buildings. All types of heating and cooling systems are included in their business scheme. They also provide plumbing repairs and installations including, boilers, conventional water heaters, tankless water heaters, infloor heating, water filtration and other general plumbing services. Electrical work is provided and included in all of their job proposals. They do about $500,000 in sales annually. Almost all of the work generated comes from the long list of longtime customers and word of mouth from satisfied customers. Because the customers are longtime loyal customer the company does not have many service agreements. As it stands now, the business has a large data base of over 6,000 names of customers. Four generations of the same family they have established a great reputation in their marketplace. A new owner could grow the business further by expanding their marketing & service territory and starting up home maintenance contracts. Now looking towards retirement the current owners are looking to sell and if needed help a new owner transition into the business. The price includes all inventory, vehicles, fixtures and equipment.

Included in the price are the following vehicles & equipment; 2015 Ford E-350 Cube Van, 2005 Chevy 2500 HD Pick Up Truck with Snow Plow, 2002 Chevy C30 Cube Van & a Komatsu Forklift. Two Rigid rodders one cable and one jetter. Small painters scaffold and a larger 6 section scaffold with deck planks. A Walker hydraulic vehicle lift jack. Two small portable four foot box and pan brakes and an 8 ft shop brake. Portable Pittsburgh machine, 36”jump shear, small roller, small bead roller and many other sheet metal tools. 4 refrigeration recovery units. Lincoln arc welder, wire fed welder, large and small oxy / acetylene torches. 1 – 32 f t fiberglass extension ladder, 6 – 28 ft fiberglass extension ladders,. 1- 14 ft fiberglass stepladders, 2 – 10 ft , 4 – 8 ft and several 4 foot fiberglass stepladders and multi-ladders. 1 – large bench mounted threading machine, 1 – Rigid portable threaded with stand cart & wheels, 2 smaller hand threaders. Several sizes of pipe benders up to 1¼”, a Greenlee fishing pole wire puller, a Greenlee vacuum string pulling tool. 4 – small job site heaters. An assortment of Rigid pipe wrenches from 10” up to 48” aluminum and steel. The inventory includes Bradford White water heaters and repair parts, AC installation components, copper pipe and fittings, PVC pipe and fittings, black steel pipe and fittings, galvanized steel pipe and fittings, well pumps 1 ea. ½ hp to 11/2 hp, well pump cable, ½” to 2” conduit, all sizes and types of electric wire, boxes and fittings, Navien tankless water heater repair parts, CSI water softener and iron filter parts, Lennox, Amana, Ruud, Carrier and other brand repairs parts. Also included is a wide variety of nuts, bolts and other hardware items to numerous to mention.

The business currently rents a storage space (approximately 6,000 Sq ft) adjacent to the business for $1,000/month. They rent the space on a month to month basis, so the new owner could terminate the lease with a proper notice. The current owner's business licenses include a State of Illinois Contractors license, a State of Illinois Plumbing Contractors License, a State of Illinois Pump Installers license and a State of Illinois Cross Connection Device inspector’s license. The business also hold Bonds with all of the surrounding Municipalities where required.

Property information

Real Estate:

Lease

Lease Terms:

There are 2 Leases $1,000.00 per month for warehouse / storage and $1,500.00 per month for the main office building which has showroom / retail space. Leases are annual renewal but can be opted out of with proper notice.

Leasehold Rent:

$30,000 (USD) per annum

Location:

Small town in a rural area 50 miles west of Chicago.

Premises Details:

Business occupies over 6,000 sq ft of combined storage, office and retail space.

Business Operation

Expansion Potential:

As explained in the opening statement there is room for expansion in several areas of the business.

Reasons for selling:

Retirement

Trading hours:

24/7 service - Office Mon thru Fri 7am to 4 pm

Employees:
4
Years established:
116 Years

Other Information

Support & training:

45 years of experience in the business and servicing the current customers. Current owners would be willing to stay on during a transition period.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Amount and terms of owner financing will be negotiable.

Furniture / Fixtures value:
$10,000 (USD) - included in the asking price
Inventory / Stock value:
$65,000 (USD) - included in the asking price
Website:
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Relocatable:
This business can be relocated.

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