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.
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.
Real Estate Available: No
Real Estate Included: No
Detailed Information:
Lender Prequalified: No
SBA Prequalified: No
Rent: $29,567.00
Is Going Concern: Yes
Market Competition: 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.
