Installation Maintenance Business Of Refrigeration Pipework And Systems For Sale

Business description

A small service and repair contractor based in Somerset carrying out works for large customers including government agencies as well as a number of Blue Chip high street chains. In addition they also carry out new installation work for a major FTSE 250 property management company.

The business has grown organically over the last 29 years with almost no marketing : most of their customers have come by the way of word of mouth after completing quality work.

BUSINESS HIGHLIGHTS :
90% of work is repeat business with a firm base of service and maintenance contracts already in place.
Written service contract agreements with most clients.

Property information

Property:

Leasehold

Other information

Expansion potential:

Nearly three decades of good will and a general manager and head engineer who have been in the business for 22 years each who have unprecedented and under exploited knowledge of the industry. Despite a right sizing of revenue in the current climate the business is profitable and due to a recent restructuring of the balance sheet it is strong and cash generative going forward and would make and ideal regional hub for a business within the same industry looking for a regional presence.

Competition / Market:

Air conditioning is still a growing market. Business owners are under more pressure nowadays to provide a comfortable environment for their staff and customers to be in. As well as carrying new installation works on new build sites the vast majority of our new installation works comes from retro fitting systems into existing offices, retail units and health care buildings. As an independent provider we can service and maintain any manufacturers equipment, this is useful for multi site operators such as pubs, health clubs, restaurant chains or retailers where they may have an estate comprising of new and legacy equipment. Our 29 years of experience enables us to handle and system old or new.

Reasons for selling:

The business was set up as family business almost thirty years ago. With the founder's time being spent elsewhere he has taken this business as far as he can and would like to pass it on to someone with fresh energy or synergies.

Trading hours:

Monday – Friday 9:00 am 5:00 pm
Saturday - Sunday 24hr Call 24hr Call

Financing available:

The owners may be willing to assist with financing a substantial portion of the asking price

Furniture / Fixtures value:

£7,000 (included in the asking price)

Inventory / Stock value:

£30,000 (included in the asking price)