Refrigeration And Air Conditioning Specialists For Sale

Business description

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.

Customer Service:

The business is known for its honesty and integrity within the industry. They have a first class name and reputation and have become a vital provider of refrigeration services to many local enterprises who can bank on the company’s flexible service and competitive pricing.

Key Strengths:

• Maintenance contracts in place
• Professionally run business
• Specialist in Refrigeration and air conditioning services
• Work in progress
• Low overheads
• Competitive
• First class name and reputation
• Customer testimonials
• Profitable
• Leasehold premises with option to re-locate
• Data base of circa 120 regular local account customers in the North East of England


Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover is forecast circa £140,000 with Gross Profits forecast of circa £80,000+

Property information

Property:

Leasehold

Lease terms:

They pay an all in rent, rates and services charge of circa £2,700 per annum.

Location:

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.

Other information

Expansion 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 re-conditioning 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.

Support & training:

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

Reasons for selling:

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