Rebounding Commercial Machinery Sales, Repair and Service Opportunity

"Operating out of the southwestern Ohio area, this company has been operating as an authorized distributor of well-known capital equipment for the hospitality, institutional, and governmental markets as well as independent small businesses. In addition, the company provides after-sales service and spare parts for equipment they sell. In business since the early 1950s, they have a strong base of clients to whom they offer additional services including facility design and workflow consulting. Operating in separate and distinct markets with different business cycles provides them with a relatively consistent demand throughout the year. They have solidified themselves as a strong and reliable company that can provide many different solutions to the hospitality industry, institutional, governmental as well as independently owned small businesses.

The owner is looking to take a step back from the company and retire. He will stay for a negotiated transition period but does not seek to be involved afterward. The primary source is new equipment sales. Sales of Used/Refurbished equipment have increased of late and represent an opportunity for growth. The spare parts business does well and contributes to the bottom line, but could be increased with a better internet presence. Service is a third source of income along with some Plant Design work, which is a small contributor."