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Commercial Restaurant Equipment Repair

Location  Texas,United States
Asking Price Range  < $250K
Gross Revenues  $140000
Net Profit / Cash Flow  $80000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1992
Number of Employees  1 - 3
Inventory  25000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  1 to 2 months.
Reason for Sale  Devote more time for other business.

Description  
PRICED TO SELL: A 17-year business with a well established clientele which pays on time and consistently provides repeat business. Customers include one of the largest restaurant chains, and many other smaller establishments. The business has grown to the point where we have not had to advertise for several years; advertising costs are -0- and we don't even list in the yellow page ads. If you do decide to advertise, you will need more employees to service the resulting increase in business. The majority of our business is within a 50 mile radius-south of Houston, and there is no one else in this geographical region providing the same kind of service. We repair not only commercial restaurant equipment but also perform minor repairs throughout the restaurant, as frequently requested by the clients. We don't repair any AC or refrigeration but clients would like us to offer these services, and they could easily be added with a technician. When you purchase the business it will come with approximately $20,000 dollars worth of inventory and all the tools on the trucks. Upon sale, the outstanding ''net-30'' accounts receivable balance goes to the buyer, which means you will have an almost immediate cash income flow from past work. I do lease a shop and the contents (worth approx. 5,000 dollars) will also go to the buyer, except for personal items. This is a great opportunity for yourself and/ or a partner. I will stay on for 1 to 2 months to make the transition easy for you to develop a relationship with the customers. With annual Gross Revenues of $140,000 dollars, the Selling Price of $49,000 dollars is a great deal! Contact for more information on this Restaurant Equipment Repair business for sale.


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