Successful & Growing Maintenance & Repair Business Serving Commercial Kitchen Equipment Customers

Business Overview:

This is a B2B company which provides maintenance services on commercial kitchen equipment to a variety of customers. The company offers full facilities repair and maintenance support to commercial customers, government entities, and facility managers and over 100,000 units have been repaired since it opened its doors over thirteen years ago.Both annual revenue and Seller’s Discretionary Earnings (SDE) have increased significantly since 2020. 2020 revenue of $898,426 has more than doubled to $2,155,354 million in 2023 and SDE has also more than doubled from $163,828 to $373,082 over the same period. Results in 2024 have continued that trend and margins are attractive.The Asking Price of $2,900,000 includes the business ($2,000,000) and building (recently appraised at $900,000) which is a 3,750 SF facility owned by the same parties selling the business. There also thirteen service vehicles fully equipped with all standard tools and parts / inventory.Staffing levels are steady, averaging 15 employees. All are W2.There are many longstanding customers and some, including all government customers, have signed multi-year contracts. Over 280 customers have been serviced this year and 3,300 since 2011.This is an excellent opportunity for the right buyer. The owners do not expect to retain roles in the business although they will provide a training and transition period to the new owners, if desired.Key Attributes:* Over 13 years of successfully servicing commercial kitchen equipment in Colorado* A strong, stable, and experienced team which is well managed* Long-tenured, diversified list of customers with excellent working relationships; includes government entities (such as schools) and commercial businesses, including national franchises* Owners have taken steps to ensure the business can be successfully managed independent of them post-closing* Acquisition of the building the business has been operating from for many years* 13 fully equipped service vehicles* Recently introduced price increases which are expected to increase revenue by over $140,000* Several growth opportunities, some of which the current owners have already initiated

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Property Features and Assets:

Building is owned by the same individuals who own the business. The building, recently appraised at $900,000, is included in the sale. It is a 3,750 square foot facility.

Reason for Selling:

After 13 years of operating this growing business, the owners will be retiring and relocating

Additional Details:

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