MergerPlace

Commercial Refrigeration Sales & Service

Virginia


  • Asking Price: $490,000
  • Gross Income: $854,805
  • Cash Flow: $166,792
  • Real Estate: $150,000
  • Inventory: $80,000
  • FF&E: $60,000
  • Listing ID: #203843
  • Established: 1936
  • Employees: 7 FT/2 PT

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.


Business Details

Primary Business Category: Contractors - Special Trade
Location: Virginia

Company Information

Year Established: 1936
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 7 FT/2 PT

Financial Information

Asking Price: $490,000
Gross Revenue: $854,805
Cash Flow: $166,792
FF&E: $60,000
Inventory: $80,000
Real Estate: $150,000
Seller Financing Available: Yes

Property Information

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.

Growth & expansion opportunities:

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.

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.

Reason for selling:

Owners are ready to retire and put the business in the hands of someone that will continue the success of the company for the benefit of the employees and customers.

Support & Training:

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.

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Business Listed By:

Richard Halterman

Murphy Business Brokers