Business Overview:
MANUFACTURER OF TRUCK -MOUNTED EQUIPMENT: The company is a leading manufacturer of niche utility products and has been in business for over 50 years. The company is a leader in its space serving customers nationwide. The current owners are retirement age and have already positioned the company for a smooth transition. The owners have already begun positioning themselves for retirement as they spend 50% of their time at the company site. The bulk of the company’s products are sold to municipalities and counties through dealers and representatives and directly, as well as waste management corporations. Established, key management in place for ownership transition - owners are preparing for retirement and the company is well-positioned for transition. The company is a leader in its niche industry/space and has a reputation for quality products, which drives continued success. Significant Gross Margin improvements can be made through outsourcing various components of the manufacturing process. Growth through acquisition presents a strong avenue for growth but current owners have been positioning for retirement and have not had the energy to pursue. Furthermore, marketing at the company has been minimal, which yields an opportunity for a new owner to explore. The company has historically produced strong free cash flow. The company currently has Assets of about $5.6mm and no debt. Net Equity exceeds $5mm.
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Market Competition and Expansion:
Significant Gross Margin improvements can be made through outsourcing various components of the manufacturing process. Growth through acquisition presents a strong avenue for growth but current owners have been positioning for retirement and have not had the energy to pursue. Furthermore, marketing at the company has been minimal, which yields an opportunity for a new owner to explore.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.