SOLD! Home Heating Industry Specialty Marketing & Services #15639

SOLD!
Asking Price: $530,000
Cash Flow: $252,453
Gross Revenue: $1,283,173
FF&E: $225,000
Inventory: $90,000
Real Estate: $260,000*
Established: 1958
*not included in asking price.
The Company has in excess of 60 years of experience serving the Home Heating Industry. The Company manufactures and sells a trademarked product and marketing service used in residential heating systems. The Company also operates an installation, replacement and removal of heating system components business.
Assets included in the sale consist of (6) 2017-2013 trucks, miscellaneous production equipment, office equipment and furniture, computer systems & software, intellectual property and the real estate.
This is a “turn-key business” as long-term customers, long-term employees including management, and assets are in-place. This business is an ideal roll-up into several business platforms inside the Heating Industry, as well as to an entrepreneurial spirited individual that has average marketing and customer acquisition skills.
Inventory: Not included in asking price
Real Estate: Owned Not included in asking price
Building SF: 7,152
Employees: 8
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Light industrial 7,152 sq. ft. single- and two-story buildings includes offices, production area, storage and warehouses.
Competition: There are no local competitors. Trademarked and registered products.
Growth & Expansion: A new owner could increase revenues and profits by expanding marketing and sales efforts into neighboring New England States, as well as selling their products through internet channels.
Support & Training: Seller supports transitional training to aid in a smooth transition.
Reason for Selling: Retirement