Authorized Service Center for electric tools

Minneapolis, MN
Hennepin County

Minneapolis area


Asking Price: Annual Revenue:
$70,000 $214,333

Services: Non-classifiable


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RE: Authorized Service Center for electric tools Broker: Bill Kraemer

Quick Facts

Asking Price: $70,000
Annual Revenue: $214,333
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $58,000
Real Estate: $325,000
Year Established: 1975
Employees: 2
BBN Listing #: 945740231
Broker Reference #: 8192 b.k.

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Business Overview:

TYPE OF BUSINESS: Authorized Service Center for electric tools and portable air. This company is a third-generation family owned business and has been serving the metro area for over 40 years. The company offers repair / rebuild services for all types and models of power tools for over 20 different manufactures. Some of the assets include Skidmore-Wihelm torsion tester for impacts, hydraulic press, metal turning lathe, air compressor etc.
The market is short of existing service companies here in Minnesota that can satisfy the ever-increasing demand for services. There are plenty of opportunities to expand the services to selling new tools, bits, fasteners and repairing small gas motors for generators, lawn and garden equipment etc.
EMPLOYEES: Owner works 40 hours per week oversees sales and services tools with 2 full-time employees.
FACILITY: Building is 2,700 sq. ft. with a ceiling height of 13’4” and 220v power. Parking lot is 4,836 sq. ft. Building is available for sale as well.
GROSS SALES: 2017- $214,333, 2016-$259,919.
SALES PRICE: The seller is asking $70,000 for the business (client list, goodwill, trade name, and other intangible assets) which includes equipment approx. value $58,000 and Inventory is approx. $12,000. Asking price for the Building and Property $325,000.
REASON FOR SALE: Retirement.

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Property Features and Assets:

Building is 2,700 square feet with a ceiling height of 13’4” and 220v power. Parking lot is 4,836 square feet. Building is available for sale as well.

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.

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