Agent: Adam Pratt
207-844-1456
Active Listing
Business Description
This well-established Maine HVAC/R firm has been serving the needs of Central Maine for several decades, and the current owner is ready to sell.
Their revenue mix is:
• 70% service/maintenance and 30% installs
• 50% HVAC and 50% refrigeration
• 90% commercial and 10% residential
The company has historically run with one Admin and 6 Technicians. In 2024, they were down 2 Techs, but with the addition of an experienced hire in January, they’re back up to 5. Another hire is expected in the very short term. All employees are FT and year-round.
Note: this business is priced, and will be sold, based on a 2 year average (2023/2024) of Owner’s Net Cash Flow = $142,516 to account for loss of staff in 2024 and rehiring of senior technicians in 2025.
The company offers several employee benefits:
• Health: Employees pay $30/wk for singles
• Dental: Employer pays 100%
• SIMPLE IRA: Employer matches up to 3% of participants’ contributions
• Tool allowance program
• Paid training
• Voluntary (employee-paid) products available through Colonial
• Uniform Program
The fleet consists of 6 trucks on the road, with 3 additional “back-up” trucks that can be activated in a pinch. One of the trucks is for the exclusive use of the Seller, and will either remain with the Seller, or the Buyer may take over the payments.
At the time of this writing, inventory was roughly $50,000 and will be included in the purchase price.
The Seller owns the real estate, held in a separate LLC, and the company pays monthly rent of $4500 to the LLC. This amount is considered a market rent, and it will be offered to the Buyer in an annual or multi-year lease. A sale of the real estate to the Buyer could be up for discussion.
Opportunities for growth:
• Expand territory
• Increase staff
• Expand services offered
• Increase hourly rates
• Implement minimum charge for service calls
This business is an ideal acquisition for an energetic entrepreneurial-minded Technician who would like to run their own company. We see it as an equally excellent opportunity for a financial or strategic buyer seeking an add-on to expand services or gain a footprint in Central Maine.
While the Seller looks forward to retirement, he intends to stay on for a minimum of a year, and as many as 3 years.
