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Well-Established Electrical, Heating & Air Conditioning Business – 86 Years in Operation

Pekin, Illinois, United States
Service Businesses
Company Data
Price
$85.0K
3%
Revenue
$246.0K
Top 10%
Profit
$7.5K
0.3X
Business Overview
About the Company
**Business Overview** This is a rare opportunity to acquire an 86\-year\-old electrical, heating, and air conditioning company with a strong local reputation and deep community roots\. Located on a prominent main street, it is the only service\-based business in the area with a retail storefront\. The company has served residential, commercial, and government clients within a 30\-mile radius, including city and county departments and local factories\. With a loyal customer base and long\-standing relationships in the area, the seller is committed to helping facilitate a smooth transition by personally introducing the buyer to key clients\. The business includes a unique and valuable inventory, featuring brand\-new legacy electrical parts and hard\-to\-find components that set it apart from competitors\. **Key Highlights** **Years in Business:** 86 **Employees:** 3 **Property:** 2,800 sq\. ft\. main building, plus two additional structures on the same lot **Ownership:** Property held in trust – can be negotiated for purchase through the estate executor **Real Estate:** Owned – includes 3 buildings on site **Inventory:** Includes rare and legacy parts, tools, and equipment for HVAC, electrical, and plumbing work **Growth & Expansion Opportunities** With the current owner retiring, there will be a major service gap in the area\. The local market lacks qualified electricians with control systems training, and there are no licensed plumbers operating nearby\. The business is well\-equipped to support these additional services, and there's substantial opportunity for growth in those sectors\. Refrigeration and HVAC work are seasonal, offering balanced cash flow throughout the year\. **Market Outlook** The business is in a prime location with minimal local competition\. Most outside contractors travel from over 50 miles away to service this region\. A buyer with broader technical capabilities—such as advanced electrical or plumbing skills—can expand the customer base quickly\. **Reason for Sale** The owner is 70 years old and ready to retire\. None of the family members are interested in continuing the business, so the seller is seeking a motivated buyer to carry on the legacy\. **Financing Options** No seller financing is available
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