EXECUTIVE SUMMARY
PBG Reference No.: S270

SPECIALTY HEATING & AIR CONDITIONING CONTRACTOR

We are pleased to present this business opportunity for your review. Premier Business Group, Ltd. is one of the leading business brokerage firms in the Midwest. We specialize in representing manufacturing, distribution and service companies in the divestiture process. The Seller pays our fees; there is no monetary obligation to prospective purchasers. Premiers' expertise includes assisting in structuring the transaction and financing. We encourage you to make an appointment with the broker listed on this offering to discuss your needs, to obtain further information regarding the company you are inquiring about, and to receive information on other companies that may be of interest.

By embracing innovation, technology and technician training, this company has built a reputation for a special niche system of heating and air and has become one of the most well-known contractors in the "Chicagoland" area. The company has been serving the Chicago and Suburban residential HVAC market for over 30 years. During that time, it has been a leader in new technology and has built a very solid, repeat customer base. Many of the company's current customers are the children of long time accounts.

The company is experiencing surprising growth despite a challenging season for Midwestern air conditioning contractors. One local HVAC/R distributor said the '04 Midwestern air conditioning business was off 25% from '03 levels due to the cool summer. But despite the "bad" weather, '04 revenue through October for this company is up over 20%. With the combination of technician excellence, name recognition and a great market niche and location, this company appears to be on the verge of breakout revenue growth and should continue to capture market share going forward.

The company represents an excellent opportunity for a buyer to continue to capture market share in a very desirable "Chicagoland" location.

FINANCIAL HIGHLIGHTS
Fiscal year ending December 31

	10 months 10/31/04	2003	2002
SALES	$3,613,713	$3,514,270	$3,118,048
EBITDAS* (Adjusted Net)	$   426,252	$   445,574	$    136,692

* Earnings before interest, taxes, depreciation, amortization, and discretionary owner distributions including compensation in excess of market rates for functions performed.

DEAL STRUCTURE

The company is being presented as "Open to offer". All reasonable offers will be considered. This opportunity is expected to draw interest from individuals, and both industry and HVAC manufacturers looking to diversify into new markets.

Net Working Capital Net Working Capital of $460,000 will be included in the purchase price. (Net Working Capital will be defined as Accounts Receivable and Inventory less Accounts Payable).

All furniture, fixtures, equipment, vehicles, computers hardware and software, supplies, excluding seller's vehicles and personal items are included in the purchase price.

Assets are to be sold free and clear of all claims, debts, liens or other liabilities with the buyer receiving a good and marketable title.

Accounts Receivable	$429,000
Accounts Payable	$150,000
Net Working Capital	$460,000

At closing, should the Net Working Capital figure differ from the agreed upon amount, there will be a corresponding adjustment on the purchase price. Cash in the bank is specifically excluded from this sale and will be retained by the seller.

INFORMATION SUMMARY

• Location: "Chicagoland"
• Established: 1968 "S" Corp
• Facilities: 7500 sq. ft. leased. Year 2 of 5 year lease.
• Employees: 35
• Reason for Sale: Retirement

MARKETING AGENT

Premier Business Group, Ltd.
1130 Lake Cook Road, Suite 210,
Buffalo Grove, IL 60089
847/465-9000

This information is provided for discussion purposes only. No representation is made by Broker as to the accuracy of the information provided or any other information supplied. Broker encourages the Prospect to thoroughly review and independently verify to his own satisfaction that the information provided is substantially representative of the business activity.

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