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Restaurant Equipment Company For Sale
Location Louisiana,United States
Asking Price Range $500K - $1.0M
Gross Revenues $750000
Net Profit / Cash Flow $100000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2007
Number of Employees 1 - 3
Inventory 147000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Available
Reason for Sale Retirement
Description This well established restaurant equipment business for sale is located in the metropolitan area of New Orleans, Louisiana. The business distributes high-end restaurant equipment and does kitchen setups. The majority of their business (approximately 80%) is contract work for between 2-12 pieces of equipment per job. Jobs are roughly valued at around $5,000 - $50,000 per. Business sells all the products that its clients need to get a restaurant up and running (from hood systems, fryers, grills, and ovens to pots, pans, utensils, chef pants, tables, and chairs. Its customers can turn an empty space into a fully operational restaurant in no time. In addition to this, the business partners with a service company for items under warranty and in turn will receive leads when equipment needs to be replaced. Currently, the business only delivers the equipment, but believes that the business could grow substantially with an outbound sales force selling the other kitchen products. Business occupies an approximately 10,000 sq ft building, much of which is used for warehouse space where they can drive a truck into. There is an about 1,000 sq ft office space that can be subleased with its own address and entrance.
Business is found on an extremely high traffic 4 lane commercial corridor with quick and easy access to a major interstate. This interstate traverses the major portion of South Louisiana, and is a very quick drive to New Orleans, Louisiana, a major metropolitan city with all the amenities. New Orleans is the highest growth metropolitan city in the US, and is a city known for its nightlife and food. New restaurant startups are a very common theme in New Orleans, and all of them need equipment. There is no better place to own a business of this type!
Seller is ready for retirement and is highly motivated to divest this restaurant equipment business for sale. Seller is willing to train and transition the business to a new owner.
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