MergerPlace

Profitable Material Handling Equipment

Michigan (Kent)


  • Asking Price: $1,500,000
  • Gross Income: $3,372,620
  • Cash Flow: $571,818
  • Real Estate: $1,300,000
  • Inventory: Not Disclosed
  • FF&E: $200,000
  • Listing ID: #214302
  • Established: 1980
  • Employees: 13

Business Description

The established material equipment handling is one of West Michigan’s premier integrators of engineered conveyor and material handling systems. With in-house capabilities to design, fabricate, and install complete solutions, the Company ensures maximum levels of quality while minimizing project delays. The majority of the Company’s business comes from repeat business.

The material handling equipment industry is fragmented, so the Company relies on its expansive knowledge-base and an array of suppliers to put together the optimal configuration and solution for each customer. The Business is well insulated against competition as projects are highly customized and configured, and the Company tends to be faster in quoting, starting and completing projects than any competition due to horizontally structured leadership hierarchy that promotes a team approach that brings speed in execution.

The Company focuses on serving manufacturing businesses, but occasionally works in the distribution industry as well. The team that ownership has assembled is incredibly experienced with over 300 combined years in the industry.

Current ownership would like to find an owner ready to take over the Business as he desires to retire.

Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency. You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the email cannot be found please email info@caldergr.com and request a PDF version.

Once we receive your NDA and answers to some basic questions the Confidential Offering Memorandum (OM) will be sent to you from the project manager.

IF YOU DO NOT RECEIVE A FOLLOW UP EMAIL AFTER YOU SUBMIT YOUR NDA, PLEASE CHECK YOUR JUNK MAIL FIRST. If you do not see the email there, please email info@caldergr.com for support. Thank you in advance!


Business Details

Primary Business Category: Services - Engineering
Location: Michigan
County: Kent

Company Information

Year Established: 1980
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 13

Financial Information

Asking Price: $1,500,000
Gross Revenue: $3,372,620
Cash Flow: $571,818
FF&E: $200,000
Real Estate: $1,300,000
Seller Financing Available: Yes

Property Information

Facilities:

The Company’s 20,000 sq. ft. pristine facility is comprised of approximately 13,000 sq. ft. of the manufacturing area with the remaining space for a reception area, lunch room, office space and conference rooms. The facility has one dock door with 10 ft. high clearance and a drive-in door that is ft. wide by 18 ft. high. The facility was built in 2002 and has been meticulously maintained ever since. It presents well and provides customers and suppliers that visit with a sense that the Company is professional and organized.

Growth & expansion opportunities:

Growth Opportunities Include: 1) Remove Ownership from Day-to-Day: Current management’s style involved him working alongside others, as mentioned, in a horizontally structured style. To continue growing the Business, additional tasks will need to begin to be delegated. 2) Utilize Excess Manufacturing Capacity: Demand for the Company’s manufacturing capabilities, shop floor and fabrication personnel is uneven. Revenue and cash flow could be increased with minimal investment by pushing more work through the Company’s fabrication department. 3) Online Pricing and Sales: The Company is in the process of redesigning and upgrading its website, which is expected to pay for itself in less than a year and to generate significant more leads for the Company’s design and installation services. 4) Satellite Offices: Setting up sales offices in one or more major metropolitan areas in neighboring districts would be a low risk means of testing the market outside of the West Michigan area and leveraging the Company’s excess manufacturing capacity.

Competition:

Investment Highlights Include: 1) Market Position: As the projects are complex and customized, competition from low-cost countries is very limited. The Company’s quality coupled with the Team’s experience leads to the Business being trusted as the premier provider of material handling solutions. 2) Optimized to Serve Manufacturers: By keeping most of its knowledge base in-house and empowering employees through a flat organizational structure, the Company is agile. 3) Repeat Business: The Company has been serving most customers for many years. 4) Product Lines: The Business partners with some of the best product lines available, which reflects positively on the quality and standard set by the Company’s products. 5) The Team: The sales and engineering teams have over 300 years of collective industry experience and aren’t afraid to take responsibility to get projects done timely.

Reason for selling:

Retirement.

Support & Training:

Ownership willing to provide reasonable and customary transition assistance.

Contact Business Seller

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Business Listed By:

Max Friar

Calder Capital, LLC