Details - Information last confirmed on March 29, 2021
As a full service repair shop, offering both on-site and in shop services, they specialize in annual inspections and repairs of hydraulic truck mounted manlifts and service cranes, as required by OSHA and DOT. The company is capable of servicing commercial fleets of all sizes and sales include new and used parts, equipment and trucks as well as a rental fleet. Servicing throughout Michigan, Indiana and Ohio, the new owner could capitalize on this by increasing marketing efforts and sales & service teams.
The business is considered essential and therefore, has maintained market share and profits through the recent pandemic. With a new 15,000 Sq. Ft. building, the business is growing as they not only rent and repair the trucks but build them as well. The facility features 10,000 Sq. ft. of shop space, with two overhead cranes, 2,500 Sq. ft. of office space with a full parts department and an additional 2.500 sq. ft. of office space to rent or expand the sales team. The property is included in the asking price, and a lease is negotiable. With six certified personnel, the industry experienced team is known for quality work and reliability, supported by nearly 20 years of ongoing business. The owner is looking to sell and will be available for a smooth transitioning period. Revenues have been increasing 12% over the past four years due to additional services and customers. In 2020, Gross Revenues were over $934,000 with approximately $450,000 discretionary earnings. With a large customer base and solid reputation, the Company continues to attract new customers while maintaining its reputation with existing ones.
Listing includes Property of $1,600,000 and FF&E valued at $220,000.
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