Industrial Sales & Service Company
Location Baltimore - Washington, Maryland, United States
Asking Price Range $500K - $1.0M
Gross Revenues $2260237
Net Profit / Cash Flow $168000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1991
Number of Employees 10 - 19
Inventory 362000
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training Management Training and Support: Seller will train for 4 weeks at no cost and is willing to stay full time for 2 years and much longer on a part time basis especially in a sales capacity.
Reason for Sale Retirement.
Description Sale Price: $750,000. 18 year old company provides parts sales, service, and rebuilds to wide variety of customers using hydraulic or pneumatically powered equipment. Company services the entire Mid-Atlantic area with a focus on Washington, DC / Baltimore. Long term customers value the high level of service, emphasis on quality, quick turnaround and competitive pricing. The company's suppliers are among the best in the industry and allow the company to offer such price and service.
Company has shown solid growth rates over last few years and can continue to grow by emphasizing product sales through direct distributorships and adding more service technicians. The company does very little marketing and relies upon referrals and its website for new business. Management is very experienced and the owner is willing to stay full time for 2 years and much longer on a part time basis especially in a sales capacity.
Facilities: Company operates from 16,000 square feet of shop and office space in a quiet industrial area convenient to Interstate highways. The well equipped facility could easily support 25% more service work and many times more product sales. Facility is leased from an entity controlled by the business owner and is not included in the business sale.
Market Outlook and Competition: The company's market area is nearly recession proof and is expected to continue its long term growth. The metropolitan area of Washington is the fourth largest in the country and leads all the major metropolitan areas over the last 5 years in employment growth. In addition, the recommendations of the Department of Defense Base Realignment and Closure Commission (BRAC) will generate an additional 40-60,000 high paying Defense and Contractor jobs in Maryland over the next 4 years on top of the underlying growth rate.
If interested, please email or contact Jeff Hider, CBI, CBC, CBB at The THOR Group LLC, 410-987-7062 for more information.
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