Asking Price: $430,000 Gross Revenue: $854,805Cash Flow: $166,792 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $80,000 included in asking priceFF&E: $60,000 included in asking priceReal Estate: $150,000 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.
This profitable commercial refrigeration company was started over 70 years ago as an appliance sales and service business when very little refrigeration equipment even existed. Over the life of the company it has become the premier commercial refrigeration sales and service source for many businesses throughout the 4 county market that they serve.
About the Business
Number of Employees:
7 FT/2 PT
Building Sq. Ft.:
Physical Location is in close proximity to the downtown of a midsize city in the western part of Virginia. Included in the space are 2 offices, 1 heated shop and 1 unheated Shop. There is also a Paint Room and Bathroom. A 16’ x 25’ loading dock is located just off the shop in the rear of the building.
The company works only with commercial refrigeration which gives them a big advantage in expertise over companies where refrigeration is a small part of their business. Offering the best after hours service available and a multitude of excellent referrals from long-time customers puts the business in a great position over any competition in this market.
Growth & Expansion:
This company does have to turn down work from time to time because of the amount of demand that exists in their market. Ownership believes the business would benefit with an increase in the number of preventative maintenance agreements. Any additional programs or marketing campaigns would need to include the hiring of additional service technicians.
Will train for 4 weeks @ no cost. Commercial refrigeration sales and service. Service work includes repairs, warranty and installations. Type of Equipment sold includes Ice machines, walk-ins, commercial coolers and freezers. A Virginia Class A Contractors License with a Refrigeration Classification will be required. The current owner's license can be used as long as he/she is still employed while the new owner took time to acquire one.
Established Commercial Refrigeration Sales and Service
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