Midwest Heavy Equipment Reconditioning And Manufacturing Business

Price: $7,000,000

Location: Ohio

Industry: Auto Repair and Service Shops

Listing ID: 2058287

Listing Status: New

Description

New Listing ... Proven with Excellent Growth Potential

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.


Detailed Information

Inventory: Included in asking price
Real Estate: Leased
Building SF: 23,600
Lease Expiration: N/A
Employees: 32
Furniture, Fixtures, & Equipment (FF&E): Included in asking price

Facilities: 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.

Competition: 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.

Growth & Expansion: 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.

Financing: Lender pre-screened with $2MM down.

Reason for Selling: Owner is selling the business for personal reasons.

LISTING DETAILS

Total Sales: $6,828,461

Cash Flow: $1,189,484

FFE: $2,700,000

Inventory: $998,199

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER
Hal Feder
Hal Feder