Est. 30 Years / Profitable Material Handling Equipment Distributor
| Asking Price: | Not Disclosed | Inventory: | $396,101 ++ |
| Gross Revenue: | $3,100,000 | Real Estate: | n/a |
| Cash Flow: | $315,000 | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price |
This material handling equipment distributor has been operating for over 30 years and has an established customer base and reputation. The company sells and rents both new and used forklift equipment and has an exclusive sales territory agreement with a market leading manufacturer in the industry. The company also services the products it sells and sells parts, which provides a stable source of recurring revenues. This is a unique opportunity for a financial investor seeking a successful enterprise as well as strategic acquirers looking to expand their product offerings or geographic reach.
About the Business
Year Established:1978
Employees:13 full time -
Facilities:The company owns a 15,000 sq. ft. building on an acre of land. The building features a spacious conference room, several offices including a manager’s office with private restroom, several equipment and maintenance areas and storage space. The owner is open to selling or leasing the facility to the new owner.
Market Outlook and Competition:Outlook: This company has enormous potential for growth, particularly by adding branch locations and adding new product lines. The company occasionally employs a "lease buy-back" program; expansion of this program could significantly increase revenues. Additionally, while the company does well with its website and other marketing efforts, a new owner could dramatically widen the company's base by expanding marketing and advertising. Competition: The company has an established contractual territory with a well-known national manufacturer. Over 30 years in business has also earned the company many established, loyal customers.
About the Sale
Management Training and Support:The current owner is willing to stay on for a reasonable transition period to help the new owner acclimate.
Reason For Selling:After over 30 successful years, the owner would like to retire and pursue other interests.
KEYWORDS: forklift, material handling, equipment distributor, equipment distribution, forklift rental
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