Kauai Hawaii Refrigeration Air Conditioning Servicing Company For Sale

Business description

This is the dominant provider of air conditioning/refrigeration servicing on Kauai. It is also priced well at less than 3x Seller's Discretionary earnings. Initial discussions with local bankers indicates the availability of local credit subject to the business being purchased/managed by someone with sufficient background within the industry. For existing businesses there is probably the ability to eliminate $25,000 - $50,000 in operating expenses subject to the Buyer already having a building on Kauai. All employees have been with the company for more than two years. the Seller does not expect any of the employees to leave upon the sale of the company. While revenues were at record levels in 2008, the company has historically grossed more than $1.4 million a year.

Property information

Location:

Kauai, Hawaii

Other information

Expansion potential:

Given the substantial improvement in air-conditioning efficiency within the past five years and the substantial increase in electrical costs on Kauai, it is estimated than every air-conditioner over 5 years is a candidate for replacement (and eventual servicing agreements)

Competition / Market:

As Kauai is and island and it is expensive to fly technicians into and out of the island, competition is largely restricted to local competitors. Relatively little local competition.

Support & training:

Negotiable. Seller indicates his willingness to provide post-purchase support.

Reasons for selling:

A long-planned retirement.

Financing available:

local bank financing will be available for this very profitable business.

Furniture / Fixtures value:

$180,000 (included in the asking price)

Inventory / Stock value:

$100,000 (included in the asking price)