Business For Sale

Profitable Equipment Distribution & Service Firm

Not Disclosed, MI
Kent County


Asking Price: Annual Revenue:
Not Disclosed $10,421,834

Wholesale/Distribution: Durable Goods


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RE: Profitable Equipment Distribution & Service Firm Broker: Max Friar
Owner Financing is Available!
Limited Seller-Financing Available for Qualified Buyers.

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $10,421,834
Net Profit: Not Disclosed
Cash Flow: $1,323,279
Total Debt: Not Disclosed
FF&E: $242,000
Real Estate: Not Disclosed
Year Established: 1955
Employees: 19
BBN Listing #: 562445079
Broker Reference #: 051

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Business Overview:

This 60+ year established West Michigan-based Company sells, installs, maintains and calibrates equipment for niche industrial systems. The Company’s direct sales and service personnel serve virtually every industry from food and pharmaceutical to discrete manufacturing, agriculture, and distribution. Major customers include Amazon, Dematic, and Honeywell International. The Company is closely allied with the primary manufacturer it represents, which provides the Company with a well-regarded brand/product, an exclusive sales territory, and an impressive array of marketing strategies. While the majority of the Company’s revenue is derived from direct product sales, service and maintenance work generates recurring revenue and represents a significant opportunity for future growth.
One of the owners is nearing retirement age and seeks to transition. The other owner is interested in remaining with the company in a sales capacity for multiple years, if mutually desired post-transaction.
Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency. You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the email cannot be found please email info@caldergr.com and request a PDF version.
Once we receive your NDA and answers to some basic questions the Confidential Offering Memorandum (OM) will be sent to you from the project manager.

Thank you in advance!

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Property Features and Assets:

One headquarters and service facility and one satellite office.

Market Competition and Expansion:

Investment Highlights Include: Selling the Ideal Product – From a business perspective, the particular industrial equipment sold and serviced is a compelling product. There are several reasons why this is the case: 1. The universal need for this equipment in industrial and commercial processes 2. High value items, high margins – The Company’s gross profit is on average 32% of sales. 3. Recurring revenue – The equipment must be routinely calibrated, repaired and serviced. Top Salesman – The Company’s top salesman is interested in staying on post-transaction for the next couple of years and potentially longer. Growth Opportunities Include: Focus on Service – For many years, the Company’s strategy has been to focus on sales almost singularly, leaving the service department far from reaching its potential. This does not have to be the case going forward. The current owners believe that they lack the passion and skillset to remake and motivate the service department. But, with the right leadership, the service department could not only be a significant profit center for the business, but an engine for driving future sales with existing customers. Implement Sales and Marketing Strategy – The owners have been so busy with managing the day-to-day operations of the business that developing and implementing sales and marketing strategies has been virtually impossible. Positive Trends – The future of warehouses, distribution facilities, and factories is greater automation and additional demand for real-time data collection. The Company, with its expertise, is well-positioned to help its customers meet this future.

Reason for Selling:

Retirement

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.

Relevant Links:

Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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