Authorized Service Center for electric tools and portable air

Minneapolis, MN (Hennepin County) (Relocatable)

Authorized Service Center for electric tools and portable air
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Asking Price: $70,000

Established: 1975

Authorized Service Center for electric tools and portable air

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Asset Sale Description

TYPE OF BUSINESS: Authorized Service Center for electric tools and portable air. This company is a third-generation family owned business and has been serving the metro area for over 40 years. The company offers repair / rebuild services for all types and models of power tools for over 20 different manufactures. Some of the assets include Skidmore-Wihelm torsion tester for impacts, hydraulic press, metal turning lathe, air compressor etc.
The market is short of existing service companies here in Minnesota that can satisfy the ever-increasing demand for services. There are plenty of opportunities to expand the services to selling new tools, bits, fasteners and repairing small gas motors for generators, lawn and garden equipment etc.
EMPLOYEES: Owner works 40 hours per week oversees sales and services tools with 2 full-time employees.
FACILITY: Building is 2,700 sq. ft. with a ceiling height of 13’4” and 220v power. Parking lot is 4,836 sq. ft. Building is available for sale as well.
GROSS SALES: 2017- $214,333, 2016-$259,919.
SALES PRICE: The seller is asking $70,000 for the business (client list, goodwill, trade name, and other intangible assets) which includes equipment approx. value $58,000 and Inventory is approx. $12,000. Asking price for the Building and Property $325,000.
REASON FOR SALE: Retirement.

Detailed Information

Location:
Minneapolis, MN
Facilities:
Building is 2,700 sq. ft. with a ceiling height of 13’4” and 220v power. Parking lot is 4,836 sq. ft. Building is available for sale as well.
Support & Training:
Seller willing to train new owner.
Reason for Selling:
Retirement
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Bill Kraemer

Asset Sale Listed By:
Bill Kraemer

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Sponsoring Broker:
Thomas Green

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