Listing Number: 13485-109794
Description
Highly profitable electric motor supply and repair business with increasing revenue and profitability - rising 22% over the last 3 years. Company has existed for more than 30 years and has a very diverse customer base. About 50% of revenue comes from sales of electric motors and the remaining 50% from service, repair and rewinding of DC and AC motors. Owners (one of whom is willing to stay on for several months to ensure a smooth transition) collectively work about 40 hours per week and heavily rely on two key employees (34 and 15 years of service) for quoting and repairing motors. The owners trust the two full-time employees to handle day-to-day operations. The company dominates the region they serve. While the current owners have no desire to grow the company, revenues and profits are increasing and, for the right buyer, both sales and repair work could increase with the creation of an internet presence and some degree of marketing. The owners intent is to sell the building with the business – estimated value of an approximately 4,000 square foot building is $80,000 (to be confirmed by appraisal).
Listing Details
- Price: $775,000
- Down Payment: $775,000
- Sellers Discretionary Earnings: $271,419
- Total Sales: $795,204
- Location: Withdrawn, North Carolina
- Inventory: $20,000
- FF&E: $0
- Employees: 2
- Year Established: 1986
- Reason for Selling: Retirement
- Category: Equipment S & S
