Harrisonburg Refrigeration Service

Harrisonburg, VA
Rockingham County

Not Disclosed

Asking Price: Annual Revenue:
$430,000 $854,805

Services: Construction, Contractors

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RE: Harrisonburg Refrigeration Service Broker: Richard Halterman
Owner Financing is Available!
Lender pre-screened with $86,000 down Owner financing not preferred.

Quick Facts

Asking Price: $430,000
Annual Revenue: $854,805
Net Profit: Not Disclosed
Cash Flow: $166,792
Total Debt: Not Disclosed
FF&E: $60,000
Real Estate: $150,000
Year Established: 1984
Employees: 9
BBN Listing #: 83844955
Broker Reference #: 2003-13639

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Business Overview:

This profitable commercial refrigeration company was started over 70 years ago as an appliance sales and service business when very little refrigeration equipment even existed. Over the life of the company it has become the premier commercial refrigeration sales and service source for many businesses throughout the 4 county market that they serve.

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Property Features and Assets:

Physical Location is in close proximity to the downtown of a midsize city in the western part of Virginia. Included in the space are 2 offices, 1 heated shop and 1 unheated Shop. There is also a Paint Room and Bathroom. A 16’ x 25’ loading dock is located just off the shop in the rear of the building. Assets= $590,000

Market Competition and Expansion:

The company works only with commercial refrigeration which gives them a big advantage in expertise over companies where refrigeration is a small part of their business. Offering the best after hours service available and a multitude of excellent referrals from long-time customers puts the business in a great position over any competition in this market. This company does have to turn down work from time to time because of the amount of demand that exists in their market. Ownership believes the business would benefit with an increase in the number of preventative maintenance agreements. Any additional programs or marketing campaigns would need to include the hiring of additional service technicians.

Reason for Selling:

Owners are ready to retire.

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.

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