Asking Price: $870,000 Gross Revenue: $1,265,067Cash Flow: $287,681EBITDA: $202,411Inventory: $120,000 included in asking priceFF&E: $120,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
The company is the dominant provider of commercial food service equipment repair, installation and preventative maintenance services to a northern New England metropolitan area. It serves more than 500 restaurants, school and government facilities and provides authorized warranty services for 78 manufacturers of commercial kitchen appliances.
92% of 2017 revenue was from repeat customers. More than 80 customers have long-term preventative maintenance agreements in place covering more than 150 separate pieces of equipment.
The focus has been on commercial kitchen equipment and refrigeration repair for the last few years, but the company has provided general HVAC/R and electrical services in the past. Appliance sales have recently been added to the company's offerings. Experienced technicians, advanced business processes and strong back office support will allow a new owner to expand into these and other services easily.
The founder has created an outstanding team of employees that allow him to take 6 to 8 weeks of vacation per year. The founder will remain as long as necessary to affect a smooth transition.
About the Business
Number of Employees:
Building Sq. Ft.:
Lease Rate/Sq. Ft./Mo.:
2,400 SF furnished office and warehouse/staging area close to interstate. 6 service vans.
This company is the largest and most respected player in the region. Two smaller companies and a few sole proprietors compete primarily on price. HVAC contractors occasionally take on commercial refrigeration work, but none has developed a consistent food service presence.
Growth & Expansion:
Sophisticated business processes, experienced employees and strong customer relationships would allow this company to expand geographically and/or into other services like general HVAC, plumbing and/or electrical work. Appliance sales represent an attractive new revenue stream.
Co-owners no longer involved in the business and want to diversify
Founder will continue in current role and/or support the new owner for as long as necessary to affect a successful transition.
This is a mature business that is not micro managed by the founder. Business and service procedures are well documented and 13 years of detailed customer service history is stored in an advanced work order management system.
Partial financing for well-qualified buyers will be considered
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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
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