MergerPlace

Wheelchair Manufacturing Company

Michigan


  • Asking Price: $219,000
  • Gross Income: $238,092
  • Cash Flow: $61,123
  • Real Estate: Not Disclosed
  • Inventory: $65,000
  • FF&E: $45,000
  • Listing ID: #226992
  • Established: 1957
  • Employees: 3

Business Description

Since 1957, this wheelchair manufacturer and designer prides itself with a stellar reputation for building specialized wheelchairs for those in need. Using only the best materials and welding methods, this company has been able to provide the mobility industry with a high quality and durable product that is unparalleled to any other brand. This manufacturer has the ability to take on custom orders for its clients with a quick turnaround time of less than six weeks and works with numerous dealers all across the country to ensure the final product is made available in a timely fashion.

The company has long standing relationships with mobility dealers and institutions across the country as well as smaller mom and pop distributors, schools, rehabilitation facilities and state-run operations. Business ships its products currently all across the United States and Canada.

Current owners’ involvement is 20-30 hours weekly and includes all administrative and customer service responsibilities. Additionally, dedicated full time fabricator and part time assembly employee is in place. The sale includes all equipment and inventory necessary for operations.

This opportunity is ideal for an individual investor or strategic acquirer looking to gain market share.


Business Details

Primary Business Category: Manufacturing - Transportation Equipment
Location: Michigan

Company Information

Year Established: 1957
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 3

Financial Information

Asking Price: $219,000
Gross Revenue: $238,092
Cash Flow: $61,123
FF&E: $45,000
Inventory: $65,000
Seller Financing Available: Yes

Property Information

Facilities:

The shop operates out of a spacious 2,400 sq ft warehouse in a private industrial area of Southeast Michigan that is close to multiple major highways. The current three-year lease began in March 2020, with a rate of $1,300 a month plus taxes.

Growth & expansion opportunities:

The business gets the clientele mainly through the word of mouth, no formal marketing campaign in place. Attending trade shows and utilizing modern marketing methods can substantially grow this business.

Competition:

Proven track record, superb reputation in the industry and excellent customer service gives this company advantage over its competition.

Reason for selling:

Other business obligations

Support & Training:

Seller will be sure to provide all the training necessary to ensure smooth transition

Contact Business Seller

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Business Listed By:

Paul Trochakerian

Inix Consulting and Brokerage