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"This HVAC business is a residential and light commercial heating and air conditioning contractor. They provide preventive maintenance, repair, change out and new installation of heating and air conditioning systems. They have become very proficient installing ductless splits system for both residential customers for spot cooling and commercial customers for server rooms.
The business was started by the current owner in 2002 and serves the Ventura County area of Southern California. Most of their business comes from referral and repeat customers, and they have been voted the “Best of City” for 4 years now.
The company provides installation and service to residential and a broad range of light commercial customers. Approximately 60% of their business is to residential customers, and 40% to commercial clients. Their residential customers span a broad range of categories, from low income to high end, multi-million-dollar homes. Commercial customers include healthcare facilities, the oil fields, assisted centers, and financial institutions, to name a few."
The business operates out of an approximately 2000 sq. ft. office and warehouse space. They have a 2-year renewable lease. Net lease payment currently $1,950 per month. They are currently utilizing approximately 75% of the space, leaving room for future growth.
The owners would like to pursue other interests.
The owner committed to ensuring a smooth and successful transition to the new owner. He will introduce the Buyer to all the key customer and vendor relationships and train the Buyer in the management responsibilities of the business. Understanding the complexities of their operation, the owners are willing to train a new owner for 6 weeks at up to 32 hours per week.
The owner will consider financing up to 10% of the sales price for a qualified buyer to aid in obtaining a bank loan if required.
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