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CONFIDENTIAL
FOR SALE
658937
IA036 / Rightbiz
Long-Time Established Specialist Refrigeration & Catering Company
Location: Southwest England
Asking Price: £995,000 plus NAV
Business Highlights include:-
Turnover : £2,000,000
Gross Profit : £1,173,000
Net Profit : £360,000
Asking Price Includes:-
23 years plus trading.
Multiple Blue-Chip, long term client relationships.
Fully managed on a day-to-day basis.
12 Highly trained, long time serving engineers.
Superb fully optimised website.
Consistent reoccurring revenue.
A fleet of 11 fully equipped emergency 'kitchen breakdown' trailers.
Introduction:
Turner Butler has been appointed to invite offers of purchase of the issued share capital of this highly reputable commercial catering refrigeration engineering business. A repairer of or replacement of catering, refrigeration and air conditioning equipment. They offer repair services for air conditioning, commercial refrigeration, catering equipment, air to water heat pumps and also provide commercial gas inspections by a team of highly trained FGAS and Gas Safe engineers.
Business Profile:
· Commercial catering air conditioning repairs and services.
· Expert commercial catering refrigeration repairs service.
· Air-to-water heat pump experts.
· Bespoke design of large commercial catering cold rooms and walk in freezers.
· 12 fully qualified engineers offering a speedy, 24 hours, call out service. Covering all commercial catering refrigeration, air-conditioning service and repairs.
· Emergency kitchen breakdown trailer hire.
· Fully approved supplier of new kitchen equipment including air-conditioning units, a single fridge or a large commercial cold room.
Premises:
The business operates out of a large, combined unit on a busy industrial estate. The current annual rent is £46,000.
Customer Service:
The company has prided itself on exemplary customer service. This is borne out by continual, long-term repeat business and many 'word of mouth' referrals.
The Opportunity:
The sale of the business represents an exceptional opportunity to acquire a very well-established, profitable and respected company in the UK commercial catering sector.
It is fully managed on a day-to-day basis by highly qualified staff.
The goodwill in the business is being offered for sale on a going concern basis. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Asking Price:
The asking price of £995,000 plus NAV is for 100% of the issued share capital of the company. Calculated on a zero cash-zero debt basis at completion. Net assets consist of stock, net debtors and cash at bank. The company currently has approximately £800,000 cash at bank.
Reason for Sale:
Retirement
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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