Loading…

For Sale: Cold Storage Units Manufacturer - Well Established - Northern California, California

$3,000,000.00

Asking Price

  • Status: Active

  • Posting ID: 282751

  • 9/10/23

Northern California Cold Storage Units Manufacturer - Well Established Business For Sale
Cold Storage Units Manufacturer - Well Established Company For Sale

Description

This is a well-established, profitable and growing designer, manufacturer and installer of high-quality, custom-built, commercial walk-in and reach-in coolers, freezers, and other refrigeration equipment. The business supplies its essential products to a very wide variety of customers such as markets, convenience stores, delicatessens, restaurants, florists, cold storage warehouses and many other types of businesses with a need to keep perishable goods in a temperature-controlled environment. Its customers are nationwide from the East Coast to Hawaii but primarily in Northern California. The firm has been growing rapidly the past three years and is expected to generate revenues of around $8 million in 2023.

The Company operates with seven employees, is located in northern California and operates from an approximately 19,000 square foot facility. The employees are cross-trained and expected to handle any and all duties as required, but each has their own specialty. For complete installation of projects in northern California, the Company works with a team of subcontractors selected and managed by the Company to perform those installations. As they do not perform installations outside of northern California, the products are usually ordered by and then shipped to the contractors or end users.

The cold storage demand continues to grow since online sales from delivered groceries and meals have climbed to unprecedented levels since the pandemic. Cold storage warehouse development has increased and likely will continue to rise to meet the growing demand for perishables production and distribution.

This is a turnkey and fully equipped operation ready for a new owner to take it to the next level and beyond.

Detailed Information

Inventory: $1,000,000 Included in asking price

Real Estate: Leased

Building SF:19,000

Employees:7 FTE

Furniture, Fixtures, & Equipment (FF&E): $300,000 Included in asking price

Facilities: Approximately 19,000 sq.ft. in a well-designed facility including 1,000 sq.ft of office space. It is currently rented on a month-to-month basis, at $29,567 per month including CAM, or about $1.56/sq.ft./month. The landlord is willing to offer a long-term lease at fair market rate for a qualified buyer

Competition: This firm is the dominant provider in northern California, with no significant competition. None of these competitors are able to produce such high-quality units, and none have earned so many industry certifications attesting to such exemplar production standards.

Growth & Expansion: There is tremendous opportunity for growth and expansion. The firm is presently busy and operating to full capacity, constrained, in fact, by its facility size. With the growing volume of orders coming from outside of its primary market area, there is great potential to further expand. The Sellers do believe that with a larger facility they would be better positioned to meet the growing demand, especially from out-of-state customers.

Financing::  This business is pre-qualified for SBA financing and a well-qualified buyer should

Support & Training: The Sellers will provide training and support to help ensure a smooth transition for a new owner.

Reason for Selling: Retirement

To get more information about this Cold Storage Units Manufacturer - Well Established business for sale in Northern California please phone William Mitchell (Broker - BRE License #:01898324) at 510-523-0232 and 415-565-0232 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #282751 on BizBen.com. In addition to phoning William Mitchell, make sure you email William Mitchell above to get more info about this Cold Storage Units Manufacturer - Well Established, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01731143. Sunbelt San Francisco/Oakland.

Show more

Contact

  1. Name: William Mitchell
  2. phone iconPhone: 510-523-0232
  3. phone iconPhone: 415-565-0232

Details

  1. Asking Price: $3,000,000.00

  2. Down: Call/Email

  3. Cash Flow: $940,000.00

  4. Revenue:    $6,300,000.00

  1. Area: Northern California

  2. City: None Given

  1. Attributes:

    Broker CooperationTraining & SupportSBA Loan Pre-Qualified

My Notes About This Listing

1000 Character Limit. Write notes about this posting above. Just a reminder, your changes are not saved until you click the Save My Changes button.
Related Links & Information Regarding This Posting

Email William Mitchell Below About This Posting


Today’s Featured Businesses, Franchises, Opportunities For Sale On BizBen

Featured Resources, Advisors, & Intermediaries

Popular Blog Posts & Articles On BizBen Today

Popular Discussion Posts On BizBen Today