Profitable, 40-year Materials Handling Business

South West

Seller Financing Available
Profitable, 40-year Materials Handling Business

Asking Price:$5,000,000

Cash Flow:$1,445,980

Gross Revenue:$12,908,522

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:N/A

Established:1977

Profitable, 40-year Materials Handling Business

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Business Description

A rare opportunity to own the number one forklift and material handling business in the area. This profitable business sells, installs, and services forklifts, scales, conveyors, pallet tracks, shelving, and other warehouse equipment from the docks through the entire warehouse, and gives clients a one-stop-shopping option for all their material handling needs. The owner has built relationships within the community for over four decades and has a great repeat customer base and many recurring accounts. Over 40 employees total, many of whom are cross-trained in several areas. Key personnel include a service manager of 10 years (with 20 yrs prior experience), a safety director of 16 years, an installation foreman of 22 years, a sales coordinator of 18 years, a scale manager of 30 years, and a parts manager of 16 years. The business offers multiple streams of revenue due to the variety of services, sales, and products offered. They've maintained great relationships with suppliers and have retained many of their experienced workforce. They have a visible presence in the community through their generous contributions. Business is turnkey. Owner is retiring.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
38,000
Employees:
40
Facilities:
A 38,000 sf warehouse with 13,000 sf of office space on 5 acres. Prime location with easy access to freeways, rail lines, and an airport, and central to warehousing, distribution, and manufacturing facilities.
Competition:
Launched nearly 40 years ago, this business has grown into a leading local provider of materials handling, storage, equipment sales and rental, etc. They employ over 40 long-term, skilled employees who are cross-trained in various tasks. Accounts are diversified, so there is no threat to the business if a particular client is lost, and many accounts are recurring.
Growth & Expansion:
The region is experiencing unprecedented growth, and this business could be expanded by capitalizing on incoming companies requiring warehouses and related storage, scales, and servicing needs. The business experiences little competition for the extensive materials and services they offer, and a new owner will step in and immediately enjoy continued growth and profitability.
Financing:
All cash or terms acceptable to seller
Support & Training:
30 days
Reason for Selling:
Owner is retiring

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Bill Sivell

Business Listed By:
Bill Sivell

Liberty Business Brokers of Ontario

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