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Commercial Overhead Radiant Heating Business In Oregon For Sale

Portland, Seattle, Spokane, Oregon, US
Asking Price:
$740,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$430,000 (USD)
Cash Flow:
$100K - $250K (USD)

Unique 37 year old business is available. Have solid group of well known suppliers and all necessary equipment. Never having a state accident injury claim allows for minimal insurance rates. Very few callbacks. From 2014 - 2018, there were none. Will not find a comparable contracting business in this region. Recent Inventory completed in June 2020. I never intended to have a Large company although the potential is definitely there. All of our customers are Commercial and many are classed as "Essential Businesses". Lift experience a plus. Have worked in Washington, Oregon, Alaska, Idaho and Wyoming. Currently registered as a General Contractor in Oregon and Washington. All licenses current. Bonding and Insurances are in place. My business has many repair parts no longer available, for sale or use. We have never pursued bidding but it could definitely be an option. All accounts where new equipment is installed are known. Mechanics need to be physically able. Yearly scheduled maintenance customers in place. All office/shop furniture, repair manuals, brochures and printed office products provided. Work just Sept.- April on one brand of equipment. $429,000 in receivables with one mechanic, 2019-2020. Willing to consult for 2 years. Do not currently advertise. Mechanics need to be comfortable to drive and work out of town for 1-4 days in some instances. A great addition to existing HVAC business or can continue with current structure. No outstanding accounts receivable. Rarely utilize sub-contractors. Willing to structure reasonable payment plan. Pricing structure just evaluated and updated. Safety program in place. E-mail or call for additional information. If one full-time mechanic, a part-time office person and a decent salesman/mechanic are utilized, "Ebitda" will stay solid.


If interested, please contact us by filling the form given below.

 

Property Information

Living Accommodation:

N/A

Location:

Business can easily be operated from another site. Currently use 1550 sq. feet
for operations.

Premises Details:

Current shop on personal property. Business, Storage Racking and Equipment and can easily be moved.

Planning Consent:

None

Business Operation

Expansion Potential:

Every aspect for expansion of business in place. From day one, solid additional leads would be available.

Competition / Market:

Work solely with one brand of equipment. Competition considerations are minimal.

Reasons for selling:

60 years young. Ready physically to part with company. Will stay on as consultant for 2 years.

Trading hours:

8 am - 5pm Monday - Saturday

Available for work Monday - Friday at regular rates. Saturday/Sunday Overtime

Employees:
Currently 1. Going to hire 2 additional employees for this upcoming season.
Years established:
1983 - Oregon, 1991, Washington

Other Information

Support & training:

After Sale is complete, two years of consultation with initial review of procedure, parts familiarity, certification needs, best avenues and locations for sales, review of basic systems operation, travel routes and maintenance contacts. Visit with accountant and parts suppliers if desired.

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

60% up front and remaining paid quarterly over 3 years

Furniture / Fixtures value:
$6,500 (USD) - included in the asking price
Inventory / Stock value:
$320,000 (USD) - included in the asking price
Website:
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Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

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