This top-tier gear shop serves a wide range of industries and boasts a seasoned team whose average tenure surpasses 10 years. The employees operate efficiently with minimal supervision and possess the expertise to address any client challenge. The Company is on a robust growth trajectory, anticipating 2023 to be one of its most prosperous years, and foresees no decline in its substantial order backlog.
With the Company’s engineers, specialized experience, and vast equipment base, the Company can complete over 90% of its work in-house. This allows the Company to provide the highest levels of customer satisfaction with complete control over the quality, timeline, and budget of every project. In addition, the Company offers overnight service for the repair or replacement of critical parts, which has saved its customers thousands of dollars when a broken part halts production.
The Company was founded in the 1980s by the current owner. The Owner desires to transition into retirement. He is willing to stay on 6 months to 1 year and transition to a consulting role beyond that.
The Company operates out of two facilities. One facility is 24,305 square feet, including approximately 5,500 square feet of office space. This facility is equipped with one 15-ton and two 5-ton cranes, a full fire suppression system, 2 rows of 480V Bus Ducts, and 2 rows of 240V Bus Ducts. This facility is in excellent condition. The second facility is 8,351 square feet and recently received a $700,000 renovation.
Number of Employees: 43 (Including Owner)
Year Established: 1985
Real Estate: Owned through the Owner’s real estate holding entity. Ownership is flexible to sell or lease the facilities to the new owner(s).
Total Building Size: 32,656 total square feet between two facilities. One facility is 24,305 square feet, and the other is 8,351 square feet.
Facilities: The Company operates out of two facilities. One facility is 24,305 square feet, including approximately 5,500 square feet of office space. This facility is equipped with one 15-ton and two 5-ton cranes, a full fire suppression system, 2 rows of 480V Bus Ducts, and 2 rows of 240V Bus Ducts. This facility is in excellent condition. The second facility is 8,351 square feet and recently received a $700,000 renovation.
Support/Training: Ownership is willing to stay on for 6 months to 1 year post-transaction to ensure a smooth transition. Beyond that, Ownership is willing to stay involved in a consulting manner to assist with quoting, training, and giving general business advice.
Reasons for Selling: Ownership would like to retire.
Seller Financing Available: Yes
Seller Note: Limited Seller-Financing Available for Qualified Buyers.
(1) Vast Equipment Base and Capabilities
(2) Substantial Backlog
(3) Dedicated and Tenured Team
(4) Low Customer Concentration
(1) Implementing a Second Shift
(2) Expanding the Sales Team
(3) Investments in Equipment Base
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