Listing ID: 80358
Included in the purchase price of this business is $75,000 of inventory and FF&E that includes over $200,000 of income producing rental units. This is a family owned company. Since 1999, they have been under the exact same family ownership. From their humble beginnings delivering material handling expertise and forklift repair, their business has grown to meet the varied needs of a whole host of industries that rely on lift trucks to get their specific jobs done. They offer forklift sales, rentals, and leasing options on the best lift trucks in the industry, while administering unparalleled forklift service and repair, they service most all forklift makes and models. Their mission is to provide expert material handling solutions so the customer can take on any project.
- Asking Price: $675,000
- Cash Flow: $363,590
- Gross Revenue: $2,599,023
- EBITDA: N/A
- FF&E: $239,108
- Inventory: $75,000
- Inventory Included: Yes
- Established: 1999
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
The business operates out of a 8,000 square foot leased free-standing facility. The facility includes warehouse/shop area with loading docks, office and showroom space and ample lot storage and parking. The facility is located in a small industrial complex with sufficient large transport egress and move-ability.
Will train for 4 weeks @ $0 cost. This material handling company main focus is service, parts, and repair of material handling equipment, from forklifts to pallet jacks. While the main focus is service oriented, new & used forklifts and jacks are available for purchase or rental. No special licenses are required, but knowledge of material handling equipment would be helpful.
Other business interest/owner burnout.
There are several large corporate and independent material handling firms in the metro Atlanta area, but few service the Northeast Georgia area.
A simple marketing plan with a small commissioned sales force and an internet presence would go a long way in improving gross sales. An incentive service add-on plan could be implemented to encourage reoccurring revenue.
The business was founded in 1999, making the business 23 years old.
The deal shall include inventory valued at $75,000, which is included in the suggested price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell operating businesses. Nonetheless, the real factor and the one they tell you might be 2 entirely different things. As an example, they might claim "I have way too many other obligations" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may simply be justifications to try to conceal the reality of transforming demographics, increased competition, recent decrease in incomes, or a range of other reasons. This is why it is really essential that you not rely entirely on a seller's word, yet rather, utilize the seller's response combined with your total due diligence. This will paint a much more sensible image of the business's present circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies borrow money in order to cover points such as stock, payroll, accounts payable, etc. Keep in mind that occasionally this can indicate that revenue margins are too small. Numerous organisations fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that must be satisfied or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location attract new customers? Most times, companies have repeat consumers, which develop the core of their everyday earnings. Specific variables such as new competitors growing up around the area, road building, and also personnel turn over can affect repeat clients and also adversely impact future incomes. One crucial point to take into consideration is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business regularly, the higher the chance to construct a returning customer base. A final idea is the general location demographics. Is the business placed in a largely inhabited city, or is it located on the outskirts of town? How might the local median house income effect future income prospects?