For over 20 years, the founders/owners of this very successful and unique industrial machine rebuilding company have enjoyed the significant benefits it has provided. However, traditional retirement age has long passed, and it is time to turn over the keys to only its second owner. Their intended retirement could be the opportunity you have been looking for.
Sales and customer count continue to grow annually due to the company’s respect and reputation for quality and service in the large, but tight-knit market it serves. Seven highly skilled, non-union employees build and service heavy industrial machines in the company’s freestanding 15,000 square foot, well equipped workshop. Occasionally, customers in need request a company technician travel to their site for a service call or to help set up a machine, but most work is done in the company’s facility.
The owners originally started this Michigan based business to service customers in the upper Midwest from their conveniently located facility off a major interstate between two mid-michigan metro areas. However, thanks to word of mouth referrals within large Fortune 500 maintenance and engineering departments, projects for the business have spread to manufacturing plants throughout the United States. With neither sales nor marketing efforts taking place, it would seem that significant growth could be attained by initiating a basic, proactive sales and marketing plan.
In 2015, the business recorded nearly $1,000,000 in sales, impressively resulting in over $250,000 of SDE (Seller Discretionary Earnings, cash available to pay an owner-operator and service debt). The asking price of $695,000 (which includes approximately $100,000 of furniture, fixtures, and equipment) is an attractive 2.75 x SDE. The real estate, which has recently been refurbished and is in excellent condition, may be purchased from the sellers (sellers preferred choice) at a below market price separately, or leased under favorable terms.
The future looks bright for this seasoned service business given the current market activity. The owners will include a meaningful seller note for a qualified buyer and offer ample transition training as they are very committed to the growth and success of their company
Asking Price $695,000
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