Midwest Heavy Equipment Reconditioning & Mfg

Not Disclosed, OH

Midwest / Great Lakes


Asking Price: Annual Revenue:
$7,000,000 $6,828,461

Automotive & Boats: Auto & Truck Repair & Service


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RE: Midwest Heavy Equipment Reconditioning & Mfg Broker: Hal Feder

Quick Facts

Asking Price: $7,000,000
Annual Revenue: $6,828,461
Net Profit: Not Disclosed
Cash Flow: $1,189,484
Total Debt: Not Disclosed
FF&E: $2,700,000
Real Estate: Not Disclosed
Year Established: 1984
Employees: 32
BBN Listing #: 10024955
Broker Reference #: 2008-17503

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Business Overview:

Midwest Heavy Equipment Reconditioning & Manufacturing Business

For almost 4 decades, this well-established, successful operation has been providing exceptional products and client-centered services to its loyal, expanding customer base. From humble beginnings as a small garage-based truck repair shop, this business has evolved into a large, diversified trucking and transportation services enterprise specializing in manufacturing and reconditioning medical trailers (housing CatScans and MRI Technology). The operation is well-regarded, nationally recognized, and offers a full menu of diversified, yet highly complementary services, across 7 different profit centers, including:

· Custom Builds -- mobile medical trailers and drive-able units built to client specs.

· Recondition -- major truck/trailer overhauls to minor upgrades, including cleaning. 

· Transport -- moving freight from Texas to Alaska and all points in between.  

· Storage -- powered storage (if needed) and daily monitoring checks.

· Field Service -- mobile repair and maintenance service. 

· Shop Service -- extensive repair capabilities, including an industrial paint booth.

. Specialty Repairs & Fabrication -- no job is too complex.

The founding guiding principle of the company – Professional Expertise and Outstanding Service – has now become an established hallmark and sustainable competitive advantage.  

This business is constantly evolving in service offerings and solidly profitable … but is well positioned and poised for additional growth. With major capital investment already in hand, products and services in demand, a loyal customer base, strong brand equity and a professional, trained team in place, all that is missing is a motivated ownership group ready to capitalize on established momentum and exploit the high margin, profitable transportation services landscape.

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Property Features and Assets:

The business operates in a standalone facility that includes a business office, inventory & equipment storage, sales display, repair and manufacturing shop and heavy truck paint booth. There is 23,600 square feet under roof on a land plot covering 10 acres. The present shop features 14 extra sized work bays in addition to the over-sized downdraft heavy truck paint booth bay.  The facility leases for $14,000/month on triple net terms. Lease expires on December 31, 2023 but there are three (3) additional 5-year renewal options.   Assets = $3,698,199

Market Competition and Expansion:

The competitive density of this business is somewhat mitigated by the long tenure of the customer service and professional expertise provided to a repeat, loyal, and referral customer base. There is also a wide disparity of competitive pressure depending on the business segments with medical re-build/transport being more specialized and having a more limited competitive presence versus heavy truck repair being broader with more competition. The capital-intensive nature of this business model (equipment, tools, facility) does provide an entry barrier. That heavy investment coupled with an ideal location, professional staffing, excellent facility and successful track record help to ease competitive pressures. Ground transportation demand for moving cargo (and the medical units) remains steady and the margin outlook remains very healthy for the repair, maintenance, reconditioning, and out-fitment of these business tools.   One of the most promising aspects of this offering is the growth opportunities that await the new ownership: 1. The addition of a second shop shift and/or expansion of Saturday service to the schedule. Presently, there is a full 8-hour/ 5-day work week shift fully employed. The physical open capacity is already in place – a key enabler would be recruiting quality personnel to fill a second shift. 2. The introduction of an aggressive sales and marketing staff in concert with the marketing budget necessary to drive incremental, new business. Currently, the business is absent any dedicated sales personnel to generate and serve the needs of new customers. A motivated, well compensated (based on volume and margin targets) sales force with the marketing campaign would serve well to enable #1 above. 3. Launch a full-scale dedicated business development effort to build all-new medical transport trailers for the major medical technology companies such as GE, Philips, Canon, and Siemens. 

Reason for Selling:

Owner is selling the business for personal reasons

Additional Details:

  • The property is leased.
  • The owner is not 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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