DC Motor Manufacturer

Onondaga County, NY

Golf cart Combo Package
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Asking Price: $7,000,000

Cash Flow: N/A

Gross Revenue: $4,307,000

EBITDA: $900,000

FF&E: $600,000

Inventory: $1,000,000

Rent: $4,150 /Month

Established: 2001

DC Motor Manufacturer

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Business Description

This growing firm designs and manufactures specialty high performance direct current (DC) motors and offers a complete line of controllers to go along with them. The company provides engineering consulting for complete vehicle electric drive & pump systems. Their market focus is golf car, utility vehicle, neighborhood electric vehicle, auto hauler, mining and hunting buggy motors. Additional markets include forklifts, ariel lifts, floor care, airport support, agriculture, go karts, warning sirens, automated guided vehicles and several other miscellaneous electric vehicle markets. The key management team has over 100 years experience in DC motor design, testing, and manufacturing.

This DC Motor manufacturing firm is looking to be acquired by a firm who has or is looking to acquire another firm with AC motor manufacturing and engineering technologies. This will allow their current OEM customers, who are requesting the firm to offer them the AC motor product line, to be satisfied. This OEM demand is occurring because their customers know their engineering support & quality in the DC motor line for over 30 years. The company knows the OEM's product design, application, and performance requirements like no one else. Additional AC motor revenue potential is in the $ 1-3 million dollar range.

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Detailed Information

Location:
Onondaga County, NY
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
16,600
Lease Expiration:
8/31/2021
Employees:
18
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The building is leased and is 16,600 sq ft. The lease has a monthly rent of $4,150 and expires 2021. Lease extension is possible and negotiate with the landlord. The business is completely furnished and functioning; it is completely turn-key. All of the hard assets are included in the purchase price. As of April 2019, the current value of the assets was approx $900,000-$1,000,000. The new owner should be able to allocate a significant portion of the purchase price to hard, depreciable assets, thus sheltering some of the future profits of the business.
Competition:
Their are 3-4 main competitors but the firm is either number one or two in almost all of the markets that it services. With the addition of an AC motor product line this company will become significantly stronger. Even further strength would be gained if brush-less, permanent magnet, and larger DC motors were added to the product line.
Growth & Expansion:
Substantial growth has been gained over the last 2 years in the area of ECommerce and significant potential still exists. In addition, implementation of a social media advertising and marketing strategy should bear significant growth. The addition of the AC motor line should allow the firm to increase revenues thru cross selling product lines & providing the customer with the one stop shopping environment they are looking for.
Support & Training:
Owners are willing to stay on to complete a 2-3 year earn out period whereby a transition plan would be executed to ensure performance is continued. All this is negotiable.
Reason for Selling:
Looking to work less, retirement, moving on to other interests.
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Business Listed By:
Michael Dieroff

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