The $9M Vegas HVAC Business With a Secret Inside

A seemingly great HVAC business in Las Vegas takes a twist as the hosts uncover surprising details. Business Listing - https://www.bizbuysell.com/business-opportunity/keys-to-las-vegas-casino-hotels/2363607/ 💼 Sponsors: Acquisition Lab – Ready to buy a business but unsure where to start? Acquisition Lab, founded by Harvard MBA Walker Deibel, offers elite support for buying your dream business. Join a world-class community and access exclusive resources. Get your free consultation at https://www.acquisitionlab.com and tell them Acquisitions Anonymous sent you! Franchise Consulting with Connor Groce – Thinking about buying a franchise? Connor Groce is a franchise expert who owns and operates several franchises and helps others find the perfect fit. Join his newsletter at https://www.connorgroce.com Website: https://www.acquanon.com/ Twitter: https://twitter.com/acquanon ✉️ Subscribe to our Newsletter and get more deals like this every week: https://www.acquanon.com/newsletter 🔔 Subscribe to Acquisitions Anonymous: https://www.youtube.com/@AcquisitionsAnonymousPodcast?sub_confirmation=1 🎧 Listen to our full episodes on your favorite podcast platforms: https://www.acquanon.com/episodes In this episode, the Acquanon team dives into a Las Vegas-based HVAC service company listing—initially appearing as a promising deal with strong financials. With guest Travis Jamison joining the hosts, they scrutinize the business’s margins, customer concentration, and ultimately uncover that the “HVAC” label may actually refer to a more niche and fire-safety-related service. Things take a surprising turn when they accidentally identify the owner behind the listing, shedding light on how critical relationship-based contracts and context can be when analyzing a potential acquisition. Key Highlights: - HVAC business listing with $9M asking price and $2.4M in cash flow - High customer concentration with large Las Vegas casino clients - Discovery that the business might actually be commercial kitchen exhaust cleaning - Concerns about the accuracy of financials and potential underpricing - Discussion on how relationships drive value and risk in service businesses - Financing challenges for businesses in the $5–9M range - Broader conversation on the changing face of Las Vegas and its impact on service demand