Established Commercial Refrigeration Sales and Service

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Solid history, Turns Away Work, and super well priced.
Asking Price:
$430,000

Gross Revenue:
$854,805
Cash Flow:
$166,792
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$80,000
included in asking price

FF&E:
$60,000
included in asking price

Real Estate:
$150,000
included in asking price

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Business Description

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

Year Established:
1936
Number of Employees:
7 FT/2 PT
Real Estate:
Owned
Building Sq. Ft.:
3,161
Facilities:
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.
Market Outlook/
Competition:
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.
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About the Sale

Reason For Selling:
Owners are ready to retire.
Training/Support:
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.
Seller Financing:
Lender pre-screened with $86k down.

Listing Info

ID:
1451519
Ad Detail Views:
691

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Business Listed by

Dick Halterman CPA

Murphy Business & Financial Corporation

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U.S. Census Data for Virginia
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Virginia
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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