Commercial & Industrial Restaurant Equipment Repair Service Business For Sale

Business description

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This is a great opportunity to own a well known restaurant equipment repair & service company. This company specializes in restaurant equipment repair/reconditioning and service. They have a service contract with a large national restaurant chain which results in approximately 90% of revenue. The remainder of revenue is derived from other independent and franchise restaurants. This business was established in 2003. The business is run by the seller and 1 full time employee. The equipment is in excellent condition and is owned free and clear. The purchase price includes inventory and equipment, estimated value is $60,000. Gross Sales have gone up every year since 2007 and shows a good cash flow history. Service call rate is $70.00+$30.00 for first 30 minute than $60.00 per hour. Seller does no marketing or advertising and does not do refrigeration repair. A new motivated owner can do refrigeration repair and improve sales dramatically. This is a must see! Owner will train new buyer.

Property information

Real Estate:

Lease

Lease terms:

4/30/11

Leasehold rent:

$2,100 per annum

Size in square feet:

9,457

Other information

Support & training:

seller will train

Reasons for selling:

retiring

Trading hours:

7 days 8am-8pm

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

seller financing with $175,000 down

Inventory / Stock value:

$60,000 (included in the asking price)