EXECUTIVE SUMMARY
This business is a complete service company for the warehousing industry. The company offers a variety of services ranging from maintenance on forklifts, safety equipment, cable and wire equipment, dock doors and levelers, conveyors and carousels to racking and shelving and building maintenance.
In 2008, the company expanded to include 30 scissor lifts that are rented to commercial contractors. The lifts are transported to and from the job site and can be rented daily, weekly, or monthly. Commercial contractors include alarm, security, and fire protection contractors who use the scissor lifts during installation and service calls.
- Recession Proof Service Oriented Business
- Geographically expandable with the addition of technicians
- Multiple Revenue Stream: Service, Parts and Equipment Rental
- Heavy Asset Rich Acquisition
The company was founded in 1996, and was purchased by the current owner in 2000. Since 2003, the company has been operating in a stand-alone, brick building with 10,200 square feet of space divided into 9,000 square feet of warehouse space and 1,200 square feet of office space. In addition, there is a 1,800 square foot loft suite above the office area. The real estate is included in the purchase. Office and crew hours are 8:00 a.m. until 5:00 p.m. Monday through Friday.
Financial Summary
2006 Sales = $1.0M Cashflow = $295K
2007 Sales = $919K Cashflow = $297K
2008 Sales = $884K Cashflow = $216K
Thru 5.31.2009 Sales = $340K Cashflow = $117K
Valuation and Deal Structure
The company is being offered at $1,400,000 and includes $100K in inventory and the Real Estate valued at approximately $900K.