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Restaurant Equipment Repair Service

Location  Iowa,United States
Asking Price Range  < $250K
Gross Revenues  $233000
Net Profit / Cash Flow  $75000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2000
Number of Employees  1 - 3
Inventory  23000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  Seller will provide training
Reason for Sale  Health Concerns
Description  Business Summary: A well-established and profitable niche equipment repair company serving Central Iowa for over a decade. Focusing on restaurant equipment repair and maintenance contracts, this company serves over 200 clients. The customers are very loyal and consist of local and national restaurants, schools, and churches, including such franchises as Dairy Queen and Subway. Sales are consistently at a quarter of a million annually and cash flows nicely. Opportunities: Current owner has focused almost exclusively on restaurants, however, has done some commercial and residential work. Those two markets could be expanded. The business has been run mostly as a one-man operation. Additional staff can be added to meet the high demands of this industry. Competition in the market is light, with only a handful of companies operating in Central Iowa. This is perfect for an individual in the heating & cooling or refrigeration business that would like to go out on their own or a current restaurant equipment repair service looking to increase their client base. Current owner will assure a smooth transition by personally introducing buyer to all key accounts and provide a suitable training period. Organization & Staff: Currently the owner operates the business by himself. Location and Facilities: The business can be operated from any location. All equipment and parts necessary for service and repair are included in the purchase price. Highlights include an Appion reclaimer, vacuum pump, leak detectors, refrigeration gauges, nitrogen tank, wheel pullers, electrical and plumbing equipment, refrigeration fittings, flame sensors, igniters and much more. A 1993 Grumman service vehicle also is included.
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