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Commercial Refrigeration Specialists in Central London Since 1986

1846EN
Service Businesses
UK  > London > Essex

Summary

£165,000
£249,623
£86,019

Business description

Location

The business is based from the vendor’s home in Essex and a new owner will need to relocate the business elsewhere, either to their own home or to their business premises.


Reason for Sale

This is a genuine retirement sale

Business Profile

The vendor started his business back in 1986 and has traded successfully for the last 30 years. Website introduced. Other than Yell.com he does no marketing or advertising. Well established business in the commercial refrigeration sector with repeat customers for 30 years, mainly in Greater London.

Products/Services

The business offers design, installation, maintenance, servicing and repair of commercial refrigeration systems and units and air con, providing a wide range of new equipment for purchase, from walk-in cold rooms to smaller bottle coolers.
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Customers

Bars, pubs, clubs, restaurants, hotels, sports club, some high profile and have been customers for 30 years, based in Central London and within the M25.

Handover

The vendor is willing to make all the necessary introductions to a new owner.

Key Strengths

A well established commercial refrigeration business which has been trading for 30 years
Financial performance, with an adjusted net profit consistently above £100k per annum
Lucrative contracts in Central London and within the M25
Prestigious, high profile customers
Long standing repeat customers with some of 30 years
Referrals and recommendations
Only advertising is with Yell.com

Employees

The vendor works full time in the business and carries out all the service work. 

He only uses sub contractors for installation & when he is on holiday


EPC Exempt


Viewings:


To arrange a viewing please contact the agent.


 


DISCLAIMER: Viewing is essential to fully appreciate this business and is strictly by appointment only through the agents. All negotiations must be conducted through Advent Business Sales. Businesses/Properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.
These particulars are provided as a general outline only for the guidance of intended purchasers or lessees and do not constitute all or part of an offer or contract.
All information supplied via Advent is based upon information supplied by the Vendor who has warranted to Advent that all of the information is accurate. Nevertheless, details are given without responsibility by Advent Business Sales Ltd for any or all descriptions, dimensions and reference to condition or value. Intending purchasers should not rely on these details as statements or representations of fact but must satisfy themselves of their accuracy by inspection, by independent advice and/or other appropriate means. 
No person representing Advent Business Sales Ltd has any authority to make or give any representations or warranty whatsoever in relation to this or any other property.


Property information

Other
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No
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Business operation

The vendor now works 5 days a week at a pace to suit his own lifestyle and he is ably assisted by any one of 4 sub contractors as customer demand dictates.

This is already a well established and very profitable concern, which still offers excellent scope to increase both sales and profits further by:

1. Not using so many sub contractors, which could save circa £30k per annum
2. Ideal bolt-on business for an existing company/operator in the refrigeration industry, or for a player in the food/drinks sector
3. Marketing and advertising, as very little is done at present
4. Maintain a fully optimised website and introduce social media sites and blogs

Documentation

Confidentiality Agreement

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.

Disclaimer

Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

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