MergerPlace

Slashed to 1.3X Earnings:

Connecticut (Litchfield)


  • Asking Price: $225,000
  • Gross Income: $266,170
  • Cash Flow: $177,680
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #200771
  • Established: 1995
  • Employees: 1 FT

Business Description

With no Real Estate or occupancy costs in this home based business, this one-man operation generates over $170,000 in high-quality income per year and an incredible 79% ROI. For less than 1.3X earnings, you can step into this turn-key operation if you have the necessary technical skills. Established, highly profitable Commercial Appliance Sales, Service & Installation Business for Sale. Specializes in sales and service of commercial cooking, refrigeration, dishwashers, ice makers, exhaust hoods, mixers, slicers, disposals and water treatment & filtration systems.

The business has long-term relationships with 775 commercial clients across Western & Central Connecticut. This business generates high-quality income servicing commercial kitchen equipment. The business also generates some income for the sale of high-end kitchen equipment through assignable dealer relationships.
The business has long-term relationships with commercial clients across Western & Central Connecticut.


Business Details

Primary Business Category: Services - Business
Location: Connecticut
County: Litchfield

Company Information

Year Established: 1995
Home Based: Yes
Franchise: No
Relocatable: Yes
Number of Employees: 1 FT

Financial Information

Asking Price: $225,000
Gross Revenue: $266,170
Cash Flow: $177,680
Seller Financing Available: Yes

Property Information

Facilities:

This turn-key business comes with hard assets with an estimated FMV of $75,000. Intangible assets include websites and domain names, phone number, client lists and valuable brand name and reputation. Established customer base provides steady income through economic cycles. No Real Estate needed as this business is efficiently operated with a van and a smart phone. Well stocked, high-end service van, inventory and equipment is included with business. This is a great opportunity for an experienced technician to move into your own established business and KEEP WHAT YOU EARN WITH THIS PROVEN GENERATOR OF HIGH QUALITY EARNINGS.

Growth & expansion opportunities:

Since 2005, this company has serviced the Commercial Appliance Repair and Sales need of over 770 commercial clients in the affluent markets of Western and Central Connecticut.

Competition:

Forget the crowded, low-margin residential appliance repair sector, COMMERCIAL APPLIANCE REPAIR IS WHERE IT IS AT: This business's core client is any entity (public or private) with a commercial kitchen. Conducting both emergency repair and regular maintenance services is relatively insulated from economic conditions and can't be outsourced overseas. The business generates high margins from consistent revenues generated by a diversified client base that literally can't function with its services.

Reason for selling:

Owner is relocating out of state. Owner will train/transition buyer for negotiable period (4 weeks minimum).

Support & Training:

Will train for 4 weeks @ no cost This company's main advantage over its competition lies in its ability to provide excellent turnaround time for all of its service calls. The company prides itself on being able to service its customers on a same-day or 24-hour basis, while the competition generally requires anywhere from 4-7 days. The Seller has diligently created a valuable brand in this region of Connecticut, but he's leaving the state and must convey this business into the hands of new owner with the skills and the ambition to SNATCH THIS ROBUST EARNINGS STREAM AT A BARGAIN BASEMENT PRICE OF LESS THAN 1.3X EARNINGS!

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Alan Zinser

Murphy Business Brokers