Jindabyne Refrigeration and Snowy Mountains Heating and Cooling

Business Details

Expression of Interest Jindabyne Refrigeration and Snowy Mountains Heating and Cooling
 
The business has two core streams: refrigeration and heating and cooling, with a mix of commercial and consumer-direct clients, and in most recent times, has added cool-room hire to the business mix.
 
For more than 40 years, Jindabyne Refrigeration has been the market leader in the Snowy Mountains region.
 
The owner has run the business for the best of a decade and wants to sell out but potentially stay working on the tools for a fair salary.
 
The businesses have consistently and continually grown over the past decade and have been the exclusive industry supplier to the lucrative Snowy Hydro 2.0.
 
The turnover and profits are considerable:
 
In 2021 the turnover was a touch under $2.5 million
In 2021 the Gross Profit was 50% + or $1.297 million 
The owner’s profit was $300k
The business has an estimated opening base (leased premises) and a fully trained workforce of approx. 11
 
Another income stream offered up with the sale is the low-effort cool-room hire. Five freezer-cool rooms are offered with the sale, and four vehicles compromising about $250,000 in assets are provided with the sale.
 
There is a continuous flow of high-profit work (50% GP) and a stable and trained workforce offered by the business.
 
The businesses currently are Platinum Mitsubishi Heavy Industries Air-conditioning Dealer with over $500k in sales 2021.
 
Capital Commercial Business Sales has partnered with the local ANZ small business lenders to provide potential debt funding for an approved purchaser. This funding is approx. 50% debt secured against the purchase. 
 
This is the perfect opportunity to expand your business operations and retain a key person.
 
Buyers looking for a lifestyle change are encouraged to enquire with the current owner, prepared to train to provide a more extended ownership transition.
 
Expressions of interest are sought, and interested parties should provide their names, contact email and phone numbers by emailing sales@capitalcommercial.com.au.

Financial Snapshot

Reporting Period 2021 Weekly Average 2020 Weekly Average 2019 Weekly Average
Sales $2,488,381.00 $47,853.48 $2,128,752.00$40,937.54 $1,853,234.00 $35,639.12
PEBITDA $313,784.00 $6,034.31 $263,472.00$5,066.77 $328,825.00 $6,323.56
Rent $43,850.00 $843.27 $37,652.00$724.08 $31,320.00 $602.31
Owners Wages $129,442.00 $2,489.27 $127,000.00$2,442.31 $110,634.65 $2,127.59

Business Summary

Jindabyne, New South Wales
Manufacturing/Engineering.

The premises are subleased.

• Commencement Date: 1 March 2021
• Termination Date: 28 February 2026
• Term: 5 years
• Options: To renew for a period of 5 years set out in Clause with a further period of 5 years set out in Clause
• Bond: $7,236.66 including GST payable by bank guarantee
• Annual rent: $43,419.96 including GST per annum
• Monthly rent: $3,618.33 including GST
• Public liability insurance: $20 million
• Total square meters: Approx. 350 SQM

1 Accounts Receivable & Payable/HR, 1 Office & Warehouse Manager, 2 Service Coordinators, 3 Refrigeration Mechanics, 2 Refrigeration Apprentices, 1 Director & Refrigeration Mechanic
Monday-Friday: 07:00am to 05:00pm, Saturday-Sunday: Closed
Owner Operated

Enquire Now

Sales Summary

Sale Status : EOI

Sale Method : Expression of Interest

Investment Amount : To be agreed

Stock at Value : $100,000.00

Finance Options :

Frank Walmsley

0400 446 605

sales@capitalcommercial.com.au