About the Business

Business ID: XB158700

T/O $1.868M p.a. Owner's Revenue $620,000 p.a.

The company started in 1987, 37 years ago, and was acquired by the present owner 15 years ago, in 2010. The business has built up a reputation for a high standard of work delivered on time, which is vital when a whole kitchen or catering operation has to meet deadlines. The company is involved with the repairs and the periodic maintenance of all types of kitchen equipment, which it performs under a service contract providing recurring revenue. The company is a preferred supplier to a number of brands, but can also repair most types of commercial kitchen equipment.

The company has built up a loyal customer base of restaurants, hotels, hospitals, aged care facilities and any organisation that has commercial kitchen facilities.

- Established 37 years.

- Loyal Customer Base.

- High Margins.

- History of Profits.

- Good Growth Potential

- Great Reputation for Quality Service

- Simple to Manage.

- No Experience Required.

Depending on the buyer’s experience, the owner will provide a training period of up to four weeks to facilitate a smooth transition.

This would be an ideal business for a husband-and-wife team. Alternatively, it would be a “bolt-on” for anyone in the catering equipment industry.

Asking Price: $1.135 M for the assets and goodwill, stock is not included and will be valued at cost as at the date of settlement, it is estimated to be approximately $350,000.