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Commercial and Industrial Refrigeration

B2B Customers - Ideal Business Acquisition or Project Management Opportuntity; Bay of Plenty

$Expressions of Interest - Bay of Plenty



The Business

This is a great opportunity to purchase an established refrigeration and electrical business generating over $3.5M revenue and providing a healthy return to the owner. This business has been operating for over 29 years and specialises in Commercial and Industrial Refrigeration and controlled atmosphere fruit storage projects. Its customer base is primarily the horticultural industry but also covers the Dairy and general electrical sectors. The business has preferred supplier status with some of the major packhouse entities which is a tribute to the mutual respect between the parties which has been built up over many years of providing reliable and trustworthy service.

Services provided

  • Commercial and industrial refrigeration install and servicing/maintenance
  • Commercial and industrial electrical install and servicing/maintenance
  • Controlled Atmosphere storage plant install and servicing/maintenance
  • Air conditioning for commercial clients (occasionally residential)
  • Breakdown support for dairy, orchard and fruit storage facilities in Bay of Plenty
  • General electrical

Most of the revenue comes by 'word of mouth' or being invited to tender as this business has built a reputation of quality workmanship and excellent service. There are a number of projects in the pipeline which will be expanded on during a meeting with the vendor.

Key Strengths

  • Brand recognition and history
  • Preferred supplier status with major clients
  • Consistent trading figures
  • Qualified and trained staff & sub contractors
  • Excellent systems and processes
  • Loyal client base with strong quality referrals
  • Exclusive product Agencies

The Buyer

The ideal owner of this business will be from a refrigeration/electrical background or with project or electrical management experience. It would also be of interest to an existing electrical company looking to expand in to the Bay of Plenty and acquire a profitable business with staff/sub contractors and customers in place.

Reason for Sale

Due to a change in circumstances this business is being presented to the market for the first time. The management team will ensure a smooth transition to a new owner and can be flexible in this arrangement. All options will be considered.

Net Surplus Projected Circa $700,000 March 2024 EBPITD

Contact: Paul Brljevich
Office: Tauranga

Confidentiality Agreement for Business Reference L001523, Broker Name Paul Brljevich

Between Tabak Business Sales and the Interested Party.  The Interested Party must be an individual's name, NOT a company name.

In consideration of Tabak Business Sales (being any or all of Tabak Limited (Licensed under REAA 2008) and/or Tabak Business Sales Limited (Licensed under REAA 2008) and their respective business brokers) entering into discussions relating to the possible acquisition of the assets or shares of any business(es) presented to me by Tabak Business Sales and specifically the business referenced above, I/We hereby agree and undertake as follows:

  1. To treat as totally confidential the identity of the business(es) disclosed to me and any details as to its operation or financial accounts;
  2. I acknowledge that the financial records, customer and supplier details and other information relating to the business to be disclosed to me shall at all times remain the sole and exclusive property of the Vendor and that such information is of competitive value and of a confidential nature and that loss or damage would be sustained by the Vendor if such information should be used or divulged by me for any purpose other than the evaluation of the purchase of the business or should it become into the possession of an unauthorised third party;
  3. Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor who shall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or by Tabak Business Sales;
  4. Not to make an approach to the Vendor of any business disclosed to me by Tabak Business Sales, or the business' staff, customers or suppliers without prior arrangement with Tabak Business Sales and to refer all queries through Tabak Business Sales;
  5. I acknowledge that Tabak Business Sales is the introducing agent, and that all offers and deposits for the business, shares or property will be conducted through that office;
  6. If, I as a potential buyer breach clause 4 of this agreement and buy directly or indirectly this business from the Vendor of the business quoted then I the buyer will be responsible for any loss of commission due to Tabak Limited (Licensed under REAA 2008) and/or Tabak Business Sales Limited (Licensed under REAA 2008) as the case may be;
  7. If, I as a potential buyer breach clause 1, 2 or 3 of this agreement I undertake to indemnify Tabak Business Sales against any actions, proceedings, costs, claims, demands or liabilities which you may suffer in consequence of that breach;
  8. That all information is received for no other purpose than the evaluation of the investment potential of the business;
  9. If I decide not to proceed with the investment, I agree to immediately return to Tabak Business Sales all written information supplied by it and retain no copies and to delete any electronic records including all emails and attachments relating to the business(es);
  10. Acceptance by Electronic Mail: Execution of this Agreement and transmission between the parties by electronic signature and email response each to the other or their representative will constitute offer and acceptance and satisfy the requirements of Section 5 of the Electronic Transactions Act 2002.
  11. Privity: For the purposes of Part 2, Subpart 1 of the Contract and Commercial Law Act 2017, the parties acknowledge and agree that the agreements and undertakings given by the recipient in this Confidentiality Agreement are given for the benefit of the Vendor and its related companies and representatives, and are enforceable at the suit of all or any of them.

Before proceeding with this Confidentiality Agreement, it is recommended that any prospective purchaser

  1. seeks legal advice.
  2. may or may need to seek technical or other advice and information.
  3. review Tabak Business Sales’ internal process in relation to any complaints.  A copy of these can be found here.
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