Business Category: Durable Goods, Miscellaneous Repair Services, Miscellaneous Services, and Wholesale & Distribution Businesses
City/Region: Kent County
Listing Price: $700,000
Cash Flow: $201,160
Equipment Value: $100,000
Great opportunity to purchase a full-service electric motor sales and repair company. In business for almost a century, the Company is profitable and highly regarded.
The Company sells and repairs electric motors, gearboxes, and pumps for a diverse and loyal customer base. The Company provides on-site service for customers who need assistance in the installation, alignment or troubleshooting of electric motors.
Expansion opportunities abound with the Industrial Internet of Things, preventative maintenance services, and expanding distribution capabilities. The Company’s skilled employees are highly experienced with virtually all varieties of electric motors on the market.
Ownership is seeking to sell in order to pursue other business opportunities.
Opportunities For Growth:
(1) Industrial Internet of Things: The Company could sell and install monitoring devices on industrial equipment, meeting customer demands for more efficient and current technology.
(2) Expansion of Preventative Maintenance Services: The Company could offer its clients additional routine services to their equipment to keep everything up and running, extending the lifespans of their machinery for maximum usage.
(3) Focus on Sale of Variable Frequency Drives: The Company could more actively market and sell this type of adjustable-speed drive used in electro-mechanical drive systems.
(4) Further Distribution of Replacement Parts: An excellent growth opportunity for the Company would be increasing the distribution of “next aisle over” maintenance items – such as bearings, belts, pulleys, and other mechanical transmission products.
(1) Well-Established Business with Experienced Employees
(3) Ability to Solve Customer Needs
(4) Diversified and “Sticky” Customer Base
(5) Solid mix of new sales and repair work
Real Estate Available: For lease
Reason For Sale: Other business opportunities
Number of Employees: 9