40 Year Old Industrial Equipment and Service Company in Northern Calif
Three different owners have owned this successful industrial equipment and service company located in Northern California for 40 years. The company has multiple locations to serve their 1200+ loyal customers which include commercial and industrial businesses including professional contractors, local governments, school districts, utility companies, car washes, trucking companies, wineries, farmers, refineries, railroads, painters and more. Their top five customers account for approximately 27% of annual revenue. Less than 1% of their revenue come from consumers. The company prides itself on their knowledge and customer service. Their reputation is one of providing superior customer service! This is a niche industry with limited competition. The company is currently second in their geographical footprint in terms of revenue. Financially the store has been very consistent in sales and earnings. In 2019, the company had Revenues of $2,083,000 and Earnings of $250,187. List price for the business is $750,000 plus inventory which is estimated at $275,000. The ideal buyer would be someone (individual, couple, or family) with mechanical aptitude and/or strong business experience who is looking to own their own business. Sales and finance experience would be very beneficial. This would be a good strategic opportunity for someone looking to acquire and grow in an industry ripe for consolidation. This business is composed of five business that have been combined since 2001. Several competitors are nearing retirement age. The seller is retiring from this business to focus on an opportunity in a completely different industry. To obtain a Confidentiality Agreement or for further information please contact Ron Schwab 925.324.2161 or ronschwab1@gmail.com.
