| Asking Price |
$555,000 | Inventory |
$45,000* |
|---|---|---|---|
| Gross Income |
$815,000 | Real Estate |
$150,000* |
| Cash Flow |
Not Disclosed | Year Established | 1977 |
| FF&E |
$95,000* | Employees | 5-15 |
* included in the asking price
** not included in the asking price
A service and installation business specializing in commercial and industrial refrigeration equipment sales, service and installation. Although the Company provides a wide variety of refrigeration expertise, it focuses on two market segments: It has the high demand skills needed to support the commercial refrigeration market including restaurants, food industry coolers and freezers, and as well the clean room refrigeration and food processing facilities. In addition, it has demonstrated a capability to design, engineer, provide and install large and complex refrigeration facilities in offshore locations. The provisions of traditional HVAC systems for Commercial and Residential markets are also within the capabilities of the Company.
Facilities: The Company operates from a facility owned by the Seller and leased back to the Company. The main building is 2,000 square feet, metal, and houses the main warehouse plus shop, shipping and receiving operations; it also includes 350 square feet of office space. The property consists of 3/4+ acres, with paved lot (complete with security fencing and lighting), providing extra storage area for incoming inventory. Also included is another 30 X 12 additional building which can be used for storage or a satellite office.
Competition: There are no competitors in the upstate area serving the large industrial refrigeration market such as large warehouses or specialty refrigeration applications such as chiller silos or other unique projects. The nearest competitors are in Atlanta and Charlotte.
Growth/Expansion: The upstate area of South Carolina is growing steadily and offers significant long term opportunities. Additional revenues could be attained thru the development of a small dedicated sales team/crew focused on the current opportunity to address the residential market for retrofitting home heat and air systems. In addition a strategic buyer can complement his own business and distribution channels by acquiring a unique segment of the business that has large, highly margined contracts in the large food processing plants
Financing: Seller will consider financing a portion of the purchase to a qualified Buyer.
Support/Training: Seller will provide whatever training and support is required and agreed. The seller is very receptive to the idea of staying on for an extended transition period. He is well aware of the singular expertise he possesses and how critical that expertise is to the strategic success of the business. The skills and knowledge of the Seller are a significant asset.
Reason Selling: The wife of the Seller is ready to retire and does not want to continue to work

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