Outstanding 31 Year Old HVAC and Refrigeration Company
Location: South Carolina > Upstate
Industry: Building and Const. Services > Construction Sub-Contractors
Financials
Asking Price: $555,000
Gross Revenue: $674,868
Cash Flow: $73,901
Inventory: $45,000 (Included in Asking Price)
FF&E: $95,000 (Included in Asking Price)
Real Estate: $150,000 (Included in Asking Price)
Seller Financing: Seller will consider financing a portion of the purchase price to a qualified Buyer. Traditional real estate financing should also be available. Expected project profits should also generate excess cash flow to assist in the business purchase.
Business Summary
Company is 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 Company will probably do over $2,500,000 in revenue this year. Great opportunity for the Buyer to leverage this new project revenue to the next business level.
About the Business
Year Established: 1977
Employees: 5 full time -
Facilities: The Company operates from a 2,000 square feet, metal building that 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 is used for storage. The building and all of the real estate may be purchased as part of the business or leased on a long-term basis. The facility footprint is maximized for the site, but facility expansion is possible by acquiring adjacent real estate owned by Seller.
Market Outlook and Competition: There are many competitors to the Company’s full line of potential services. However, 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. . Additional revenues could be attained thru the development of a small dedicated sales team and a dedicated crew focused on addressing the residential market for retrofitting home heat and air systems. Adding an outside Salesperson would generate significant return in new refrigeration contracts. In addition a strategic buyer can complement his business and distribution channels by acquiring a unique segment of the business that has large, highly margined contracts in the large food processing plants.
About the Sale
Management Training and Support: 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
Reason For Selling: Seller is retiring.

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Listing Tools
BizQuest ID:905748
Business Listed By
Name:Gary Gunderson
Company:Empire Business Brokers-Southeast
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.