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Growing Commercial Equipment Repair Company - $150,000 Cash Flow
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $850000
Net Profit / Cash Flow $150000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1996
Number of Employees 6 - 9
Inventory 225000
Relocatable Yes
Number of Employees 6 - 9
Real Estate Leased
Training 30-45 Days. More Negotiable
Reason for Sale Desire To Relocate To Another State
Description Successful, growing Retail & Commercial Equipment Repair Company, provides on-site repair and service for a variety of national retailers & home improvement stores. Customers include Home Depot, Lowes, Wal-Mart, Costco, Kelly-Moore Paints, Sherwin-Williams Paints and many more. 90% of customers are large companies. Approx 80% of revenues are billed as labor with 20% from parts sales. We repair, service and troubleshoot a variety of in-store equipment, usually completed on first service call. Although most services are requested directly from the retailers, we also do warranty work for several manufactures. Outstanding reputation and quality service drives the continued demand for expansion with minimal marketing and no advertising. Currently serving all of California and with newly expanded service into the Los Angels area with lots of opportunity to increase customer base there. Also servicing Nevada. Currently have 5 FT technicians in company service trucks. Also have 1 PT tech in CA and 1 PT tech in NV using their own vehicles. Owners work PT dispatching calls, supporting techs, controlling inventory, book keeping and customer support. Future growth outlook is excellent. Current Labor billing rate increased, effective Jan 1, 2005, as well as a new $60000.00+ preventive maintenance contract for our largest customer. 2003 Gross sales over $250,000.00. 2004 Gross sales over $545,000.00, approx net $195,000.00. Includes $75,000.00 FFE and $150,000.00 Parts Inventory. Gross sales for 2005 projected at $850,000.00.
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