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SOLD: Commercial Refrigeration Installations & Repair Business (Based North East)

Commercial refrigeration installations & repair business successfully sold through Anderson Shaw business brokers.

A family-run refrigeration business, with annual sales in the band £250k to £500k, specialising in the design, installation, maintenance and repair of cellar cooling systems, cold and freezer rooms and air conditioning for the food and drink market.  The owners needed to sell the business quickly when their son, who was managing the business, decided to pursue his career elsewhere.

In view of the relatively low price and the distances involved, this sale was handled remotely with a single visit to the client’s business premises.  This worked well with support being provided by phone and email.

The purchasing business is in the same sector and saw the benefit of adding the regional strength and contacts of this business.  The Sale & Purchase Agreement was unusual as the consideration was calculated by reference to an agreed figure for goodwill plus specified assets at market value.The legal stages were exceptionally short, despite the first buyer not proceeding, as a result of good cooperation between the buyer and seller.

Anderson Shaw has offices on the outskirts of Stratford-Upon-Avon and provides business broker and corporate finance services for clients throughout the Midlands and the UK.

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