44 Yr Old Industrial Electro-Mechanical Equipment Repair, Sales and Service Co-No CO Front Range
The company repairs, re-builds, sells, and/or services both AC and DC current electro-mechanical equipment. They have many very long-term customers who need regular repairing and servicing of their electro-mechanical rotating and stationary equipment.
The trailing 12 Months Earnings from Oct 1 2017 to Sept 31 2018 were 366K from revenues of 1.85M. This means that the sales price of 650K is less than 1 3/4 X the Trailing 12 Months Earnings. This company has steadily grown at an annual rate of 6% in revenues and by over 20% in earnings.
He also has 10 loyal employees including a long term manager. This is the normal amount of employees and he is currently looking to add an 11th employee to continue growing. He states that this business can grow to 3M in revenues by focusing sales efforts on current industries and by adding a couple of qualified employees.
The business has a lot of fully functional equipment and assets currently worth approximately 230K.
This is a tremendous opportunity with over 90% of revenue coming from current customers. That is a lot of recurring revenue coming from well diversified long-term client relationships. A buyer will get a business that has both work in progress and work waiting to be done. In other words, for the right technically oriented buyer, this business will not change the day of the closing. This company’s revenues consistently come from long-term industrial and municipal clients that pay in a timely manner.
Location: Located in the Northern half of the Front Range, CO