Commercial Food Equipment Service Company
Vermont
| Cash Flow: | $723,159 |
| Inventory: | $260,642 |
| EBITDA: | $600,428 |
| Gross Revenue: | $2,626,524 |
| Rent: | $2,000/Month |
| Established Year: | 1994 |
Listing ID: 2293199Listing provided by BizBuySell
BUSINESS DESCRIPTION
The Company repairs, maintains and installs commercial food service equipment for restaurants and institutional kitchens in New England. Established customers include major corporate, government, university and independent restaurant kitchens. The company provides warranty repair for more than 60 equipment brands.
Please see an investment summary here: https://www.venture7advisors.com/northeastern-commercial-kitchen-eqpmt-services
The Company’s experienced staff, advanced business processes, and continuous improvement culture position it for rapid, well-managed growth. 2023 revenue growth was 39% with 86% repeat business from long-term customers.
ATTACHED DOCUMENTS
DETAILED INFORMATION
Location
Vermont
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,400
Lease Expiration
31/12/2025
Employees
11
Facilities
9 service vans and tools. Warehouse shelving and equipment. Computers and software. Facility lease terms are flexible for a new owner.
Competition
The market is fragmented with two single-truck service companies. There are several larger HVAC companies that occasionally dabble in commercial kitchen work, but without any sustained effort or success.
Growth & Expansion
Service territory expansion. Additional services such as plumbing, electrical, hood cleaning, appliance sales are possible.
Financing
Limited seller financing (max 20% of purchase price) is available for the right buyer
Support & Training
Compnay president and vice president of operations will support a transition and beyond.
Reason for Selling
President is preparing for eventual retirement.
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