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Industrial Repair & Maintenance with REAL ESTATE INCLUDED

Louisville, KY

Seller Financing Available

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Asking Price:$2,499,000
Gross Revenue:$1,212,739
EBITDA:$75,316
Real Estate:$1,400,000
Cash Flow:$271,427
Inventory:$74,310
FF&E:$416,000
Established Year:1980
Listing ID: 2276509Listing provided by BizBuySell
BUSINESS DESCRIPTION

This is an outstanding opportunity for a machinist, engineer or business savvy professional to own and build upon a legacy. This highly specialized business provides maintenance, repair, and replacement parts for aviation, industrial, agricultural, and construction equipment. Its expertise is demanded by a myriad of market segments, but the services it provides are very unique. It has been in business for over 40 years and market demand for its services has only increased with time. The Company has specific niche market expertise with little regional competition. This enables it to secure repeat business from its clients, drives recurring revenue, and timely customer payment.

The Company has a loyal staff and production team that is not reliant upon the current owners for its success. It has proven ability for absentee ownership but could really thrive given an owner with industry skills and fresh motivation.

It is being offered with Commercial Real Estate and valuable equipment assets. Existing facilities and equipment assets can readily support growth without additional capital investment and are included the asking price.

We work with a number of banks and SBA lenders. This business has been pre-qualified by those lenders for financing.

Serious buyers please inquire by calling our offices. For fastest turnaround, submit a non-disclosure agreement through our website at www.bbrokers.com.

DETAILED INFORMATION
Location
Louisville, KY
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
13,000
Employees
11
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Valuable Commercial Real Estate is included in the asking price. The Real Property spans three city parcels all of which are owned by the Corporation. It consists of two buildings situated on the three adjoining tracks totaling over 0.5 acres. The combined square footage of both buildings is approximately 13,000 square feet, housing retail sales, warehousing, production facilities and back offices. Parking is paved with good ingress and egress.
Growth & Expansion
The Company has proven ability for absentee ownership, with loyal General Manager and Production Managers in place. A buyer with industry skills and fresh motivation could easily leverage the assets, facilities, and human resources in place to capture a much greater market share. Current owners have been retired for several years, and there are no outside sales efforts or on-line advertising employed. Given the broad market for Company services, the current owners have generally allowed business to come to them.
Financing
Prequalified for commercial lending with some seller financing offered as well.
Support & Training
The owner is largely absentee, but will train and assist with the help of the management team that is in place. Two weeks of training are included in the asking price. Owner is willing to consultant thereafter.
Reason for Selling
Retirement Sale
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OTIS
R FLORENCE
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OTIS R FLORENCE
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