This company has been serving the heating and cooling needs of commercial and residential customers in the North Bay Area for nearly 40 years. They also service hydronic and industrial volume water heating. The business' primary service is to provide regular maintenance and repair to commercial, institutional and residential buildings and not the installation of heating and cooling systems in new construction. About 30% of their revenue comes from regular maintenance contracts.
This business would be a good acquisition for a California HVAC company that would like to expand their service area to the North Bay Area or for an individual with technical experience that would like to acquire a going concern business with a well-established client base. A buyer should have or be able to obtain contractor licenses (C20/C4/C36). The owner would like to retire but is available to support a successful transition.
Acquisition highlights include:
* Strong reputation and longevity in the market
* Substantial percentage of revenue from ongoing service contracts
* Steady sales trend
* Diversified commercial and residential customer base
* A regular backlog of work
* Stable workforce