Business for Sale Overview:
Established in 1993 by an industry veteran, this food service equipment and supply Company serves chain and independent restaurants throughout the south central U.S. A dedicated team of project managers provides design, equipment and installation to the food service industry, corporations, schools, hospitals and municipal buildings and facilities. With two locations and an excellent reputation in the industry, this business offers the opportunity to own the dominant presence in the area as either a standalone purchase or strategic acquisition.
This business has been managed by the same owner-operator since its inception over 15 years ago, and serves a four-state region that includes Arkansas, Missouri, Oklahoma and Kansas. The Company’s headquarters and flagship store have been located in the same city in Northwest Arkansas since 1993, and a second location was opened in Missouri in 2004.
The Company’s service department offers repair and maintenance to existing clients, and is factory authorized by numerous manufacturers. This business has the distinction of being a Hobart dealer, and is also one of the few Belshaw distributors in the area. The Company is also a member of the largest food service equipment buying cooperative in the country, giving it exceptional buying power and additional membership advantages.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The Company’s headquarters are located in a 10,000 square foot building in Northwest Arkansas, which includes a gorgeous 4,500 square foot showroom, eight offices, a break room, inventory holding room, and ample parking in front. A 10,000 square foot heated warehouse was constructed behind the main building in 2005, and accommodates the service repair area and indoor parking for up to three vehicles. The warehouse has gas, electric, bathroom facilities and a power wash room, as well. Both buildings sit on approximately 1.5 acres. (A commercial appraisal of the property was completed in January 2009; purchase of real property assets optional - NOT included in the Asking Price.) This business is centrally located, with easy freeway and interstate access from all directions.
The Missouri store is located in 10,000 square feet of prime retail space. The Seller estimates that 50% of this location’s business comes from high margin walk-in traffic. Highlights of this location include an 8,000 square foot showroom, two offices, break room, restroom facilities and approximately 2,000 square feet of space for inventory holding. (This location is leased.)
Market Competition and Expansion:
This business currently has the largest market share in Northwest Arkansas, and is the leader in the state in commercial refrigeration sales. The closest competitor is smaller than this Company, and is located about 70 miles away. There are a handful of competitors nearby, but they are not even half the size of this Company, and one just opened in 2008.
The Company’s primary marketing efforts to date have been its corporate website, outside sales force, printed catalog, referrals, Email marketing, industry trade shows, vehicle signage and some television advertising.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.