- January 30, 2024
- Posted by: Business Brokers & Consultants
- Categories:
Industrial Machine Shop- Specialized Manufacturing Maintenance/Repair
This highly specialized business provides maintenance, repair, and replacement parts for industrial, agricultural, aviation and construction equipment. Its expertise is demanded by a myriad of market segments, but the services it provides are very unique. It has been in business for over 40 years and market demand for its services has only increased with time. The Company has specific niche market expertise with little regional competition. This enables it to secure repeat business from its clients, drives recurring revenue, and timely customer payment.
The Company has a loyal staff and production team that is not reliant upon the current owners for its success. It has proven ability for absentee ownership but could really thrive given an owner with industry skills and fresh motivation.
It is being offered with real estate and valuable equipment assets. Existing facilities and equipment assets can readily support growth without additional capital investment.
Retirement
The owner is largely absentee, but will train and assist with the help of the management team that is in place. Two weeks of training are included in the asking price. Owner is willing to consultant thereafter.
The Company is being offered with Commercial Real Estate. The Real Property spans three city parcels all of which are owned by the Corporation. It consists of two buildings situated on the three adjoining tracks totaling over 0.5 acres. The combined square footage of both buildings is approximately 13,000 square feet, housing retail sales, warehousing, production facilities and back offices. Parking is paved with good ingress and egress.
The Company has proven ability for absentee ownership, but could really thrive given an owner with industry skills and fresh motivation. Current owners have been retired for several years, and there are no outside sales efforts or on-line advertising employed. There is such a broad market for Company services, owners have generally allowed business to come to them. An ambitious buyer could leverage the assets, facilities, and human resources in place to capture a much greater market share.
Prequalified for commercial lending with some seller financing, as well.