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Industrial Scale Distributor
TNListing DetailsOffice ID: SCALE1
Status: Sold
Listing Broker: Michael Fekkes, CBI, CEPA
Listing Price: $750,000
Gross Revenue: $1,077,000
Cash Flow: $211,000
Inventory: $32,478
Inventory Included: Yes
FF&E: $166,462
FF&E Included: Yes
Sale Price: $750,000
Acreage: .34
Real Estate Included: Yes
Sales Structure: Asset Sale
Seller Financing: No
Financing/Terms:
ENLIGN has received pre-approval for SBA Funding on this transaction. Terms and Conditions of the financing will be reviewed with the prospective buyer.
Reason for Sale:
Retirement
Training:
The seller has a strong desire to see the business grow and prosper under the stewardship of a new owner and will provide comprehensive transition assistance for a period of 4 weeks at no cost to the buyer. The four-week period should be sufficient to properly train the new owner and get them up to speed on the day to day business operations, introduction to key clientele, vendor introductions, and product training. Additionally, the seller can provide consulting or contract work to the new owner post transition period. While the seller is seeking a business sale to enjoy retirement, they will remain in the Nashville area for the foreseeable future and could be available as a resource at a fair and equitable fee arrangement, should the buyer be interested.
OperationsYear Established: 1990
Form of Ownership: C Corp
Employees (full-time): 6
Employees (part-time): 1
Managers: 2
Business Hours: Mon-Fri, 7:30am - 4pm
Summary
Business Description:
The Company is an ISO certified scale distributor that sells and services an extensive line of quality weighing products and systems in the greater Nashville area. Markets served include manufacturing, industrial, commercial, and agriculture. The Company is a full service one-stop shop that has four distinct revenue streams of balanced revenue: 1) Sale of equipment (weighing products and systems) • Floor scales, bench scales, counting scales, truck scales 2) Sale of software and parts including weight indicators, and displays 3) Equipment Service • Maintenance, inspection, repair, & calibration of equipment 4) Short and long term rentals
Historical Summary:
The business was acquired by the current owner on October 1, 1990 and has since transcended into a full service company with an established loyal customer base that have been a reliable source of repeatable business. The business is structured as a C-Corp.
Owner Qualifications:
A mechanical or technical background is not required or a prerequisite to be a successful steward of this business. The new owner should have the appropriate qualifications to actively manage all facets of the business operations; having a sales or customer service background would be a huge plus. A new owner who has the interest and passion to grow the business and take it to the next level will find this a compelling and a one of a kind opportunity.
Competition:
While this business is not without competition, the marketplace is large allowing many companies serving this industry to be successful.
Potential Growth:
Areas to grow the business will be discussed with qualified buyers.
LocationType of Location: Warehouse
Square Footage: 5960
Facilities:
The Company is located in the greater Nashville area close to all major highways providing convenient access to their client base. The facility is located on .34 acres of land and operates out of two (stand-alone) buildings on the property both of which are owned by the seller. In addition to the current owner being active in the business on a full time basis, largely in a sales and management role, the Company employs six full-time and one part-time individual. All of the Company’s service technicians are certified with the state of TN, Department of Agriculture.
Last Updated: Nov 19, 2016 / 12:18 PM
Financial Information Current as of: Dec 18, 2015 / 2:36 PM
Lender Pre-Approved!
Diamond Financial