High Growth Commercial Appliance & Repair – SBA Pre-Approval! (37786)
RetailFor Sale in MO
Financial & Assets Details
About the Business
Business Description
Situated in the Midwest, this food service equipment dealer specializing in the sale, installation, and service of commercial kitchen and restaurant products for customers surrounding a five county radius. Highly rated with a 40 year history longstanding reputation, company also provides all types of kitchen equipment from ventilation/exhaust systems and ice cube makers to dishwashers, walk-in refrigerators, and more. The facility is a collection of two vast buildings totaling 32,000 square feet that feature 28,500-sq.ft. of showroom, warehouse storage and pre-production areas, as well as 3,500-sq.ft. of office space. Available for a preferable long term tenancy or negotiable purchase, property is in excellent condition, complete with a large parking lot and capable of handling extra capacity for needed expansions. New ownership can enjoy plenty investment opportunities with new plans and strategy optimizations for further growth, such as introducing leasing options, internet sales, and maintenance service programs among others. The reliable team of fifteen nonunion employees likely to remain post-sale and continue the streamlined operations during a smooth owner transition period of six months under current management roles. Besides maintaining a website and promotions through regional phone directories or brochures distributed by many groups, marketing efforts center on verbal referrals sources backed by their client base. After revenues in 2021 reached a record $6.2 Million with over 40% of growth rates, this offering comes with an SBA pre-approval as total Pro Forma projections for 2022 include Revenues of $6,059,130 and Adjusted EBITDA’s of $568,608.
Seller Financing
Negotiable up to 20% for the right buyer.
Support & Training
Smooth Owner Transition period of 6 months.
Reason for Selling:
Approaching retirement and/or pursuing other interests.