Electric Motors Sales and Rewinding plus Property For Sale

Business description

The Company is a dealer and distributor of electric motors for industrial and HVAC applications. Founded in 1983, the current ownership has grown and successfully operated this family run business for 20 years at the same location. The Company provides full service, repairs, and rewinding of the products it sells which include worldwide brands, some of which the Company enjoys exclusive distribution rights in its home territory. Numerous opportunities exist for new company owners to expand the business. The Company is run by four family members of which two would be available to remain with the business after the normal transition period. In addition, the Company owns the building and property it occupies in a prime commercial location which offers room for expansion along with the rental revenue it generates from existing tenants. This business is an excellent investment for the hands-on owner and third-party investor alike.

Property information

Real Estate:

Real Property Included

Location:

The Company owns the building and property it occupies in a prime commercial location which offers room for expansion along with the rental revenue it generates from existing tenants.

Other information

Expansion potential:

Excellent opportunity to expand territories, market share, dealer network, and product lines.

Support & training:

Owners committed to successful transition.

Reasons for selling:

Retirement of family member.

Furniture / Fixtures value:

$218,934 (included in the asking price)

Inventory / Stock value:

$409,175 (included in the asking price)