Listing Number: 60352-664183
Description
Located in Eastern Michigan, the Company provides high-quality hydraulic repair service to the construction, manufacturing, and industrial service industries. They have served the area for over 40 years, is well know in the industry as the go-to shop in the region. The operation is staffed with well-tenured and skilled workforce than machines, welds, fabricates, hones, polishes, assembles, and finishes hydraulic cylinder repairs for their customers.
Financial overview:
Revenue By Year:
2023 - $2,324,859
2022 - $2,079,375
2021 - $1,878,022
3-YR Average: $2,094,085
SDE By Year:
2023 - $934,343 (40.2%)
2022 - $828,445 (39.8%)
2021 - $701,263 (37.3%)
Real Estate: The real estate is owned by the Seller and is to be sold with the business for $1,000,000 (not included in the asking price). The building is in excellent condition and includes over 10,000 SF of shop space and over 1,500 SF of office space. The shop area has plenty of ceiling clearance height with overhead cranes and ample height under the hook for handling repair and overhead doors for easy loading and unloading of equipment that needs to be repaired.
Listing Details
- Price: $ 4,000,000
- Down Payment: $4,000,000
- Sellers Discretionary Earnings: $ 934,343
- Total Sales: $ 2,324,859
- Location: Michigan
- Inventory: $ 0
- FF&E: $ 462,750
- Employees: 9
- Year Established: 1976
- Reason for Selling: Retirement
- Category: Machine Shop,Equipment S & S
