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| Well Established Hemet Air Conditioning/Heating Company | |
| Industry Description |
Air/Heating Contractor |
SIC |
1711 |
| Days Open |
Mon - Fri |
Year Established |
1972 (same locale Ő74) |
| Hours of Operation |
8 am 5 pm |
Years Owned |
32 |
| Full-time Employees |
3 + 1 Owner + Spouse |
Part-time Employees |
1 Admin |
| Other Notes |
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| Hours/wk by Owner |
40+ |
Owners Duties |
Owner / Operator |
| Skills / Licenses ReqŐd |
Contractors C20 |
Training Offered / Cost |
6 Weeks + |
| Non-Compete Terms |
3 yrs. / 50 Miles |
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| Exec. Summary |
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| Lease / Bldg. Info. |
Monthly Rent |
$654 |
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| Lease Commenced |
2/04 |
Deposit |
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| Lease Expires |
2/05 |
Term & Option |
Month to Month |
| Bldg./Area Description |
Business Park |
Square Footage |
3,600 |
| Seats, Pkg, Zoning, etc. |
This firm also has approx. 2,000 sq. ft. of gated storage space. |
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| Reason for Sale |
Retirement |
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| Financial Summary |
Current Yr. Annual |
2003 / Owner to Prove |
2002 / Owner to Prove |
| Gross Revenue |
TBD |
$485,000 (Approx.) |
$450,000 |
| COGS |
$185,900 |
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| Rent / CAM |
$10,443 |
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| Payroll |
$67,936 |
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| Net Profit (before tax) |
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| Discretionary Cash |
TBD |
$78,829 |
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| Expense Breakdown |
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| Included in Sale |
Assets |
Liabilities |
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| FF&E Included |
$55,500 |
Lease Obligations |
$0 |
| Inventory Included |
$40,000 |
Debt Included |
$0 |
| Other Assets Included |
Other Liabilities |
$0 |
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| Working Capital (not incl) |
Return on Sale Price |
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| Asking Price |
$300,000 |
Owner Financing/Terms |
Not Offered |
| Earnest Money Dep. |
$10,000 |
Down Payment |
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Opportunity Summary |
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Headline |
Well Established Temecula Hemet Air Conditioning / Heating Company |
| Summary |
This firm has been operating in the greater Temecula - Hemet Area for over 20 years. It is a well known Air Conditioning and Heating company that offers a new owner tremendous value in this very high growth market. |
| Facilities / Assets |
The company operates out of a 3,600 square foot facility with an additional 2,000 square feet of gated storage for only $654 per month. The sale includes approximately $95,000 in assets including the companyŐs 4 vehicles, and approximately $40,000 in inventory. |
| Competition |
Historically low, but sure to increase with the tremendous population growth in the area. |
| Growth Potential |
This company has a well established base in the community to build upon. |
| Other |
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