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Growing 29 Year old business for sale in CT

Connecticut (CT)

Asking Price: Gross: Cash Flow:
$ 6,250,000 $ 6,116,300 $ 1,392,100

Furniture and Fixtures Value:
$ 500,000 (included in the asking price)

Inventory Value:
$ 132,400 (included in the asking price)

Business Summary:
This 29 year old company is a full service mechanical contracting firm with expertise in Refrigeration, Air Conditioning, and Heating. Approximately 90% of the Company\'s business is refrigeration service / installation. The company provides Repair and Maintenance Services, and does Installation work as well. They have Service Contracts with their customers in the Supermarket and Retail industries. The company\'s sales grew in both 2007 and 2008, and their 2009 grew by 10%. Their Gross Margin have also grown: from a 31% Gross Margin business in 2006 to a 37% Gross Margin Business in 2009. Included in sale of business: $1.1 Million+ in Contracts Receivable. The two owners of the business spend approximately 40 hours per week combined working in the business. Via a separate legal entity, the sellers own the Real Estate that the business operates out of. They will lease the property to the new owner; or, if the new owner is interested in buying the Real Property as well as the business - the sellers are open to selling the Real Estate along with the business.

 

   
Year Business was Established: 1980
   
Number of Employees: 31  
   
Facilities / Terms of Lease: 13,000 Square Foot Warehouse & Office. Current Owners of business also own the Real Estate - separate from the business. They will lease the property to the new owner of the business.  
   
Owner willing to train: Sellers will train new owner post acquisition  
   
Reason for selling: Planning for retirement of one of the two owners  
   
Seller Reference Number: 128101061
BusinessMart.com Listing Number: 72798
 

 

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For more info contact:

James T Quinn, CBI

JT Quinn Associates, Inc.
770-271-8926

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