The Sales Price has been lowered to 390K with earnings improving to 248K over the trailing 12 months ended July 31 2019.  The seller will offer to carry $100K for buyers that either don’t need a bank or have industry experience or both.   They want to retire which is why the sales price is now $390K which is less than 2 times the earnings.  They are still the largest HVAC/Plumbing Co in their market with many ways to grow this business.  The owners have been slowing down preparing for retirement.   They will offer a full transition.  

26 Year Old Colorado Residential/Commercial Plumbing and HVAC Company

The trailing 12 months earnings were 248K from revenues of $1.1M to July 31st.   2018’s earnings were 201K from 1.18M in revenues.  The two year average is 221K in earnings.  One of the owners spent most of September and the other some of September in North Carolina because her Brother’s house was flooded.  The owners take 9 weeks off a year because they have been acting semi-retired for the last 2 years.  This is having an impact that a new buyer can fix immediately.  The work is there, they just don’t want to put in the time.  2017’s earnings were 264K from revenues of 1.28M.  They have been profitable all 26 years including the 2008 to 2012 downturn.

This company provides a full range of Plumbing and Heating services.  They are also recognized as experts in Radiant in floor heating and tankless water heater systems which are part of a “hydronic heating system” popular in high end homes in Colorado.  They provide maintenance and repairs also which helps with recurring revenues.  This company provides both commercial and residential services for new construction or remodels.  They have seven full time employees including two master plumbers whose licenses a new owner can use.  

  The buyer will get approximately 45K in current value hard assets made up of 34K in equipment and another 11K in inventory.  The company has a great reputation with a long-standing and recurring customer base.         

The owners are retirement age and will help the new owner transition the business for as long as they would like and are confident that it will be a smooth transition.  The company, not the owners, has the BBB A+ rating, customers, and reputation.  They will sign a non-compete and offer full indemnifications.

Location:  West Metro Denver Area. 

The sales price has been lowered to 390K which includes all assets debt free. The seller will be especially flexible to any potential buyers that have HVAC and/or Plumbing experience.  The seller will be keeping their cash and accounts receivables and will pay off all debt including the accounts payables so that the business transfers debt free.  It is an S Corp so this can be either a stock or an asset sale