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Refrigeration And air Conditioning Engineering Company installation & Maintenance for Sale

Relocatable

Relocatable : £ 160,000
The business operates from the vendor’s home. There are no premises involved and it will need to be relocated.

Location: South East
Relocatable

Asking price: £160,000 Inc. Assets

Asking price includes:

Turnover c£165,000 per annum
Gross Profit c£108,000
EBITDA c£90,000 Before Director’s Drawings
Net Assets £NIL

Long term customer relationships
Stable ongoing contracts
Future growth potential
Profitable turnover

Business Profile:

Established in 1990, this well-known and highly regarded business has provided its comprehensive range of expert refrigeration and air-conditioning, installation and maintenance services. These services are provided by the current owner-operator.

The range of services includes;
• Commercial Refrigeration
• Commercial Air Conditioning
• Service & Maintenance
• Design & Installation

It is able to provide the exact requirement for any situation; and tailors its levels of refrigeration services to suit a client’s specific needs. So whether a maintenance issue or a refrigeration repair or an entire air conditioning system designed and installed in a commercial property this company has the expertise and the reliability to provide.

The business was set up as a result of significant demand for a professional, reputable business offering refrigeration services to exacting commercial customers and has grown by establishing an excellent reputation for its range of services and the professionalism with which it operates.

Experienced in providing its services to a range of industries, the business has gained extensive knowledge and expertise and is highly sought after, due to its flexibility of service provision and immediate response to client’s needs.

Regular maintenance is provided to multiple clients in the pub and club sectors, C-stores, butcher shops and other retail outlets with refrigeration.

The infrastructure is in place to make this opportunity an easy fit within an existing business wishing to expand its operations, or alternatively for an individual buyer looking for an established company with future potential.

Customer Service:

This business provides a quality service and vital expertise to its clients and has established a firm reputation for excellent service based on reliability, honesty & integrity and fair pricing.

Key Strengths:

The business has an excellent reputation and is highly successful.

Strengths include:

• Robust customer relationships
• Over 30 years successful trading
• Enviable reputation
• Full managed turnkey solutions
• Professional, attention to detail, reliable in the extreme
• Well positioned on several Preferred Supplier Lists

Key Opportunities:

This business has barely scratched the surface when considering the potential demand for its services. There is the prospect of fully expanding the current business relationships and exploring new business opportunities in other parts of the UK, which should increase sales to new and existing customers.

With an excellent infrastructure already in place this business is superbly placed to leverage the excellent reputation it has built up with the consequent impact on profits.

The company is run very much in line with the wishes of the owner and does not engage in seeking new business elsewhere in the UK, despite being asked to do so by current clients; this represents a significant opportunity for a new owner to exploit along with the development of the company’s design & installation capability.

Advertising and Marketing:

To date, little has been spent on advertising so any investment in marketing should attract additional interest and enquiries going forward.

With only word of mouth recommendations this business has maintained an impressive base of satisfied repeat accounts and clientele. It holds all the necessary accreditations and approvals to provide complete refrigeration & air-conditioning solutions.

Additional advertising and the creation of a company website, in order to showcase the services on offer, could lead to more opportunities for future growth.

Employees:

There are no employees in the business. The owner’s wife manages the books but she will be leaving on sale.

Premises:

The business operates from the vendor’s home. There are no premises involved and it will need to be relocated.

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 circa £165,272 per annum
Gross Profit £108,539
Average EBITDA for last three years c£90,000 Before Director’s Drawings
Net Assets £NIL

Reason for Sale:

Retirement.

Support and Training:

The vendor is happy to provide support and training to ensure a smooth handover of the business. This is not envisaged to take more than six months.

Asking Price:

The Asking Price of £160,000 is for 100% of the issued capital of the company, assuming Net Assets of £ZERO on completion (calculated on a zero cash-zero debt basis). The final selling price will have a £1 for £1 adjustment for any rise or fall in this benchmark Net Asset figure of £ZERO at completion.




Staffing: There are no employees in the business. The owner’s wife manages the books but she will be leaving on sale.
 
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83 Advert ID 45811    Sellers Ref : IA035/BSOL

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