Refrigeration And Air Conditioning Specialists Business For Sale

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Refrigeration and Air Conditioning Specialists

Ref.IA025
Location County Durham
Asking Price £ 90,000
Asking price includes:

Turnover forecast circa £140,000 per annum
Gross profit forecast circa £80,000 +
Annual maintenance contracts in place
Small leasehold premises – re locatable within the North East
Well established – 6 years
Regular repeat customer base
Work in progress
Low overheads
Good cash flow
Easy to run, competitive all year round business
Good growth potential
Goodwill
Business profile:
This is an excellent opportunity to acquire an, established, family refrigeration and air conditioning business which specialises in the design, installation and maintenance of equipment to both commercial and industrial customers including the catering industry.

The company works together with a number of regular repeat clients including, city councils, local golf clubs, pubs, clubs, universities and retail stores fitting, installing and maintaining their fridges, freezers, ice machines, bar cabinets, drinks dispensers, cold cellars and catering equipment on an annual contract basis.

The business works successfully all year round but peak times are during the summer months with emergency call outs at a premium. They have a number of maintenance contracts in place with a database of circa 120 account customers.

This is a well established, profitable business with low overheads and a good reputation for their first classs workmanship and service. This would appeal to a similar sized or larger business in the same or an allied industry, who are looking to increase their share of the refrigeration market and increase their database of clients.

Facilities:

The business operates from a small, secure and well fitted industrial and office storage premises in an enterprise centre totalling circa 450 square feet of workshop space. They pay an all in rent, rates and services charge of circa £2,700 per annum The business is located in County Durham, but could be re-located anywhere within the County Durham or Tyne and Wear area.

Growth Potential:

The business is run by a father and son partnership. The owners’ son has recently become unwell and the business has had to turn down some profitable work. Further refrigeration engineers are needed within the business if it is to go forward and grow. There is a demand for both new and reconditioned machine sales. This is very profitable work but with a full work load and no time available this line of work has had to be shelved at present.

Training/Support:

The owner would be happy to help with a smooth transfer of the business in any way possible.

Sale Reason:

The owner has reached retirement age and his son is unable to take over the business due to illness.