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Niche Industrial Repair Service
Listing DetailsOffice ID: SERVICE1
Status: Sold
Listing Broker: Charles Milam, M&AMI, CBI
Listing Price: $880,000
Gross Revenue: $1,769,000
Cash Flow: $303,000
Inventory: $109,000
Inventory Included: Yes
FF&E: $398,800
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:
Owner will provide some financing for a qualified buyer
Reason for Sale:
Owner wishes to reduce ownership responsibilities
Training:
Owner is willing to stay on as an operations manager for a few years or will provide up to twenty [20] normal workdays of training and transition support for a new owner / operator.
OperationsYear Established: 1994
Form of Ownership: C Corp
Employees (full-time): 16
Business Hours: Monday - Friday 7am - 5pm
Summary
Business Description:
From routine service to precision re-manufacturing is performed on industrial components from a growing variety of customer types in this niche business. Regular pickup and delivery routes over a regional geographic area make it easy for customers to do business while quicker turnaround times and higher reliability provide a better value. All company books and records are well maintained and easily accessible. Below average employee turnover is due to competitive pay plus numerous employer paid benefits.
Historical Summary:
From its beginning two decades ago, the company has become more specialized in its services thus becoming a respected industry specialist thus buidling the business through word-of-mouth testimonials and referrals.  That growing list of customers are the envy of the competition. Customer concentration is not an issue as no customer exceeds 5% of revenue.
Owner Qualifications:
Managing a production work force for efficiency and effectiveness will be the key attribute required as virtually all business is the result of past superior performance and resulting customer referrals rather than any marketing program.
Competition:
Several competitive operations dot the regional market but there is room for this business to grow both internally and through acquisition.
Potential Growth:
The current facility has room for greater revenue so virtually any structured marketing activity would generate new customers. Because of the demand for quick turn-around, perhaps a longer term strategy could include buying competitors strategically located for specific markets.
LocationType of Location: Stand Alone
Real Estate for Sale: Yes
Option: Seller owns buildings & land
Monthly Rent: $4,000
Square Footage: 11400
Facilities:

The business is occupies 11,400 square feet located on 4 acres of land so there is ample room to increase revenue in the current facilities as well as expand for even more growth in the future.


Last Updated: Oct 4, 2018 / 4:41 AM
Financial Information Current as of: Jul 23, 2013 / 2:17 PM
Lender Pre-Approved!