SALE PENDING: Wasatch Front Heating & Air Services

SALE PENDING: Wasatch Front Heating & Air Services

  • List Price: $4,000,000
  • Sales: $7,017,697
  • Adjusted Income: $718,546
  • Down Payment: NA
  • FFE Values: NA
  • Inventory: NA
  • R.E. Value: NA
  • Location: Utah
  • Category: Business Services
  • Category: Construction

This heating & air company has been servicing the HVAC needs of both the Salt Lake and Park City markets for over 20 years. They specialize in replacement, new construction and service work of heating and cooling systems. They primarily deal with homeowners and residential builders.

About 70 percent of their business is in the Park City area. They also work on new construction luxury homes in both markets and have an excellent longstanding reputation in the Park City luxury home and multifamily home market. Both markets have seen substantial growth over the last several years. The average size of a multifamily job is up to $2 million, and the average luxury home job is approximately $400,000. About 30 percent of their total yearly sales comes from service and repair work, a segment that is increasing thanks to promotional efforts.

The company has an outstanding reputation for reliable expertise and get referrals from contractors and their website. They have not had to do any advertising, as word-of-mouth and their company trucks keep them visible in the community.

The company has a workforce of over 40 employees, including a CAD department with a sheet metal department, a very busy service department with six fully outfitted vans, and a sales department with top-line management.

The business is running at capacity but has had no issues finding skilled labor to manage increases in business. They have jobs booked out into 2024.

Their operation includes two buildings totaling 4,500 square feet, centrally located with great freeway access. Monthly rent is $4,000 NNN. The building consists of five offices and approximately 3,800 square feet of warehouse. The lease can be assumed, or a new lease can be negotiated with the landlord.

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