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This is an opportunity to acquire a 30+ year old business focused on service, installation, maintenance and rental of commercial refrigeration equipment.
The business has a roster of recurring blue chip clients across a variety of industries. The service and installation business has low seasonality with the mobile refrigeration rental business peaking in the summer months. The business has an extremely experienced and well trained staff with very low turnover. Equipment and assets of the business are well maintained and regularly upgraded allowing efficient and low maintenance type of operations. Due to its longevity and reputation, the business has excellent supplier terms and relations.
Currently the rental business accounts for approximately 20% of Revenue, with 45% coming from new installation work, and the balance from service, sales and related activities.
Ideal purchaser will be a complementary business looking to expand its offerings (i.e. HVAC, electrical, or construction business), or an owner operator with some basic understanding of the industry.
Financials for the company presented below are for FYE 2017, with projected FYE 2018 slightly higher. FF&E amount is a fair market value estimate, and share purchase price is to include Working Capital of $168,000, calculated as 10% of Average Gross Revenue for the 2013-2017 period. To arrive at EBITDA, a fair market general management salary of $90,000 has been built in the expenses.
Asking price (Business): $1,850,000
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