Compact Tractor Manufacturing

Portland, ME
Cumberland County


Asking Price: Annual Revenue:
$500,000 Not Disclosed

Manufacturing: Machinery


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RE: Compact Tractor Manufacturing Broker: Emile Cardali

Quick Facts

Asking Price: $500,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1962
Employees: 3
BBN Listing #: 676852449
Broker Reference #: Not Disclosed

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Business Overview:

The Ingersoll Tractor is a unique all steel, all hydraulic tractor which is manufactured to last! It offers several attachments making this tractor more versatile than most other lawn and garden tractors. Ingersoll was founded when Jack Ingersoll bought the Case Outdoor Power Equipment Division in 1983. The division traced its roots back to Colt garden tractors in the early 1960s. Ingersoll continued to produce garden tractors in Winneconne, Wisconsin using the hydraulic drive systems pioneered by Colt. Ingersoll was purchased by Eastman Industries in 2005, and production was moved to Portland, Maine in 2006. The manufacturing of tractors continued through to January 2016 when Eastman moved from its location at 70 Ingersoll Drive. The owner has decided to sell his business and retire to enjoy the remaining years.

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Market Competition and Expansion:

Niche market, this is a specialty tractor designed to last.

Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This may become a franchise resale opportunity.

Documents:

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