Listing Number: 60091-916735
Description
This organization primarily operates in the Hydraulic Equipment Repair business/industry within the Miscellaneous Repair Services sector. Additionally, it primarily operates in the underground mining and construction service sector, focusing on hydraulic cylinder, pump, gear case, and major component repair and sales.
The organization has been operating for 30 years, engaging in major equipment component repair, sales, and machining at its fully equipped facility. Included in this offering and located in the same facility is an industrial pump repair and sales/service company, which was acquired in 2017. The location has easy access to the highway and is in an industrial section.
Currently, business development, management, and oversight are performed by the seller, while the Foreman and Office Manager handle most daily tasks. The impressive fully equipped machine shop can handle most hydraulic and pump refurbishing tasks, primarily serving heavy industrial companies including mining and manufacturing.
Annual revenues were $2.3M for 2023, with Seller Discretionary Earnings (SDE) for 2023 at $630k. The sale includes four trucks that are utilized in the business. The facility has approximately 12,000 Gross Sq. Ft. plus outside storage areas. This is an opportunity to own a well-established business with a strong customer list in the industrial sector.
Listing Details
- Price: $ 1,700,000
- Down Payment: $1,700,000
- Sellers Discretionary Earnings: $ 631,500
- Total Sales: $ 2,261,000
- Location: Wyoming
- Inventory: $ 25,000
- FF&E: $ 300,000
- Employees: 7
- Year Established: 1994
- Reason for Selling: Retirement
- Category: Equipment S & S
