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Refrigeration/air-conditioning servicing and installation company
| Asking Price: | $1,474,995 | Inventory: | $100,000 ++ |
| Gross Revenue: | $1,700,000 (comments below) | Real Estate: | n/a |
| Cash Flow: | $566,000 (comments below) | FF&E: | $180,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: historically revenues hae always been more than $1.4 million. | |||
| Cash Flow Comments: historically a very profitable company | |||
This is the dominant provider of air conditioning servicing on Kauai, Hawaii. The business is price well, at less than 3x Seller's Discretionary Earnings. Initial discussions with bankers confirms the ability for bank loans subject to the installation of a manager with sufficient industry background. For existing businesses, there is probably the ability to eliminate between $25,000 to $50,000 in annual expenses depending on the availability of a local industrial building. Existing employees have all been with the company for more than 2 years. While the company enjoyed record revenues in 2008, historically revenues have always been more than $1.4 million.
About the Business
Year Established:1989
Employees:8 full time -
Facilities:currently lases a retail/industrial building in Kalaheo, Kauai, Hawaii
Market Outlook and Competition:Relatively little local and off-island competition as it is difficult for off-island competitors to compete on this island given the cost of flying workers to and from the island. - While the national economy has certainly affected Kauai, it is this Broker's belief that the local economy has stopped declining.
About the Sale
Management Training and Support:While this is a negotiable item, the Seller is veyr willing to discuss post-sale training and support.
Reason For Selling:Retirement. This sale has been planned for a number of years.
Seller Financing:Between a suitable down-payment and bank financing, if the Buyer is unable to finance the purchase, the Seller will consider a modest amount of financing.
KEYWORDS: airconditioning, refrigeration, air-conditioning, Kauai, Hawaii
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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