Mobile Column Lift Manufacturer + Distributor

Not Disclosed, MD

Asking Price: Annual Revenue:
$900,000 $4,091,859

Manufacturing: Machinery

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RE: Mobile Column Lift Manufacturer + Distributor Broker: Sara

Quick Facts

Asking Price: $900,000
Annual Revenue: $4,091,859
Net Profit: Not Disclosed
Cash Flow: $217,909
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1974
Employees: 14
BBN Listing #: 492658767
Broker Reference #: Not Disclosed

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Business Overview:

The business is a manufacturer & distributor of heavy-duty mobile column lifts and accessories.  With industry roots dating back to 1974, the company has developed a tremendous reputation for long service life, reliability, affordability and safe design.

The company was among the first mobile lift companies to obtain third-party certification, paving the way for the industry standard of the Automotive Lift Institute (ALI).   The company's lifts are loaded with safety features from overload protection, to self-locking drive systems, making them extremely safe and reliable.  Additionally, the company's mobile lifts are more flexible than a fixed installation as they can be used across any number of shop bays and provide unobstructed access to the vehicle underside.  All of the company's lifts are backed by their in-house, strategically-located service technicians, who offer everything from scheduled annual OSHA inspections, to "breakdown call-outs' and free telephone techsupport.

The company's impressive accomplishments can be credited to three key factors - experience, craftsmanship and technical expertise.  The Company’s leadership team and technicians all work diligently to ensure a pleasant experience from the first point of contact to the last.  Ownership believes the company’s employees are dedicated to the business and would be willing to stay on with the new owner following the business' sale.

Purchase Considerations:
* Manufacturer and distributor of the nation’s finest quality lifts for lifting commercial vehicles.
* Highly knowledgeable and skilled management, engineers, and technicians who share the common goal of providing unrivaled customer experience and adding value to clients' businesses through market-leading solutions.
* Proven track record and experience of serving the heavy-duty workshop industry.
* A wide range of certified, "Made in USA," Buy America-Compliant, and market-leading products.
* 900+ annual service inspections providing almost guaranteed service revenues with opportunities for growth .
* The Company manages its national sales, service and commercial operation from its headquarters in Maryland. From this central location, the Company provides support to its clients and their businesses.
* The company's national approach to customer care has been proven over the years, with in-depth expertise across all sector applications.
* A customer-centric company that is powered by dependable staff which raises the level of customer satisfaction.
* Company has the potential for new revenue streams from sales online, exports, federal government sources, fork-lift truck companies and the rail sector. Expanding the service model into wider shop equipment is a major opportunity.
* Diverse customer base, including private entities and some governmental agencies looking to service and repair their heavy-duty vehicles such as light-rail, motor coaches, aircraft, public works vehicles, firetrucks, waste management trucks, etc.
* Average of $4 Million in revenues and $1.5 Million in gross profit from 2017-2019.

Today, the Company continues its growth due to its ability to react quickly to changes in market dynamics. As the Company continues its transition from a distributor to a manufacturer & distributor, various opportunities for growth still exist through online sales, geographic expansion, federal government sales, and the introduction of service offerings into other related products. The current owner plans to retire from the industry to move back to England and is seeking to sell the business for $900,000.

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Property Features and Assets:

Leased 10,000 Square feet manufacturing and warehouse space. Yearly rent: $70,068 Rent/sq.ft: $7.01 Lease will expire in 2025.

Market Competition and Expansion:

To remain competitive and profitable in a very dynamic marketplace, the company adopts a problem-solving approach and always asks for customer feedback in order to improve its product/service offering. Since most of their sales are negotiated across the desk, opportunities to maximize profitability exist.

Reason for Selling:

The current owner plans on returning to the UK.

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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