Business for Sale Overview:
The March Group currently represents a leading manufacturer and distributor of high pressure wash systems, accessories, and specialty cleaning chemicals to the fleet transportation industry. The Company considers itself to be a “one stop source” for cleaning solutions, cleaning equipment, automated fleet washes, and related parts and service. Established in 1983, with current management since 1994, the Company enjoys excellent relationships with customers, suppliers, bankers, and its eight dedicated full time employees. With its proven manufacturing expertise, this Company has a competitive advantage in offering faster lead times and lower prices than larger competitors, and also more control over production and quality through its in-house production of specialty cleaning solutions and supplies. Management is committed to complete customer satisfaction and it is dedicated to delivering the highest possible quality standards within its manufacturing process. Maintains a Web site, which provides a wealth of information on the Company’s history, its product line, and the depth of its manufacturing expertise.
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Property Features and Assets:
Single location with 18,800 square feet of leased office and manufacturing space. Current five-year lease expires in 2011.
Market Competition and Expansion:
Management expects to continue to capitalize on its excellent industry reputation and the positive economic factors currently favoring its marketplace. The Company is projecting total revenues near $1.80 million in 2009, which would represent a year-over-year decline of approximately 2%. Management sees the following engines for growth at the Company:
Expansion of its operating base – Approximately 60% of the Company’s business in now generated within 300 miles of Denver. Management believes that its profitable business model could easily be exported to other major metropolitan areas
Web site development and expansion – the Company’s current Web site provides a wealth of information about its products and services, but enhancements are needed and planned to supplement overall marketing efforts
Hire additional in-house and field sales staff – the Company’s expansion plans must include qualified and motivated staff to optimize all sales efforts
Development and marketing of “hand held” car wash systems for automobile dealers – The Company has developed a successful hand held wash system for automobiles. It is currently involved in several pilot programs with area automobile dealers, and the early results are favorable. This Company’s wash systems bring accountability and cost control to the wash bay.
The U.S. Market for power cleaning equipment, cleaning chemicals, and related accessories and supplies is approximately $12.6 billion annually.
Additional Details:
- The property is leased.
- 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.