This 34 year-old company has grown to be the standard for industrial electric motor sales and service in southern Colorado. They have built a rock-solid reputation in the area. The company sells and repairs all industrial brand names and is an authorized warranty center for all brands sold. Both top-line revenues and net profit have remained steady over many years.
FacilitiesThe company is centrally located in an industrial business park. This location is convenient to the majority of its industrial customers. The building is 4,000 square feet with a small office/counter area in front, a large shop and enough storage for inventory. Current ownership is offering the building and property as a part of the business sale at $500,000.
Financials
Asking Price: $340,000
Included in the Asking Price: Inventory and equipment worth $159,000
Three Year Revenue Average: $712,000
Three Year Cash Flow Average: $128,000
Market Outlook
Competition: There is very little competition in the local market. There are some local supply houses that deal with smaller over the counter new motor sales; however, they do not stock or service a full line of industrial motors. The company’s extensive inventory and selection, they can be the first and last source for their customers’ needs. They have earned its 5-star rating through integrity, honesty and excellent customer service.
Growth and Expansion: As the world continues its shift away from fossil fuels, electric motors become more important and prevalent each year. These motors will all need repair or replacement as a part of the machine’s life cycle. Certainly, the outlook for the electric motor industry is excellent. On a micro level, there are a few basic tactics that would effectively increase revenues and profits. This company is an excellent opportunity for the owner operator with the energy and marketing savvy to take it to the next level. Given the demographics of the area and explosive growth of the immediate business community, the outlook for this simple business’s services is bright. New ownership with the ability to employ simple digital marketing practices and the energy to grow, has a tremendous opportunity to take this company to the next level.
About the Sale
The current ownership plans to retire post-sale. They are willing to negotiate an appropriate training period.
Send Me More Information about this Business
All information contained herein provided by business owner, to be verified by buyer, and not warranted by Crestone Business Group. For more information on this or profitable business opportunities, please contact:
Crestone Business Group
Jeff Balch, Broker Associate
Direct Phone: (719) 440-4597 | Jeff@crestonebusinessgroup.com
