Northern Refrigeration Service
Sold
Business Description
Established in the 1950s and located in the commercial heart of Port Pirie, this business specialises in the supply, installation and servicing of air conditioning and refrigeration equipment to the domestic and commercial sectors. The business’ income is underwritten by service and maintenance agreements for most of the larger commercial operations in the private sector and community service providers in the region.
The business operates from one of the finest workshops you would find anywhere, specifically designed for service and repair work in the refrigeration industry. It is designed to optimise workshop and loading activities. In particular, the warehouse and workshop incorporate a drive through facility with high access roller doors with an additional rear entrance to the property. It also includes a modern clay brick reception/display/office area at the front of the complex. The property is Work Health & Safety compliant.
While the property has been purpose built for the refrigeration sector it is equally workable for any service & repair business in the commercial sector. In addition, the land that this business is situated on is 5,268m2 so the total land area is capable of facilitating a multi-service centre for a range of different industries.
The business operates with three refrigeration mechanics plus the vendor who is also a refrigeration mechanic. In addition, two employees work in administration. Including the vendor, the business operates with 5.2 full time equivalent staff. The business also includes 3 vehicles that operate as mobile workshops for onsite work.
This is a perfect opportunity for a business already operating within the refrigeration sector wanting a base to service the northern communities of South Australia or as a bolt on operation for another service style business, opening up a whole new market complimenting their existing skills, experience and business structure.
At a Glance
- Specialists in the supply, installation and servicing of air conditioning and refrigeration equipment to the domestic and commercial sectors
- Turnover in excess of $500,000 per year
- Warehouse layout designed to optimise workshop and loading activities
- 5 staff employed
Paul Windle 0410 394 254
Extended Price Information
| Goodwill including Plant & Equipment | $110,000 |
|---|---|
| Stock at valuation (approx) | $28,500 |
| $138,500 |
Staff Summary
The business currently employs 3 full-time, 1 part-time and 1 casual employees along with the vendor whom works full - time.Lease Summary
| Current Rent | $50,000 p.a. plus GST |
|---|---|
| Lease Term | 5 years |
| Right of Renewal | 5 years |
| Outgoings | Paid by the Tenant |
| Adjustments | CPI Annually |