Description About This Posting: Pump Manufacturer Repair Service
Located in the greater San Francisco Bay Metro Area, this venerable company repairs, services, distributes, and manufactures electric motors, pumps, and related products and replacement parts, serving northern California for more than five decades, under the same family ownership.
The business is highly-respected and has hundreds of regular recurring industrial and governmental customers, with over 1,000 customers in the database.
The business has ten full-time employees, including one owner-manager.
They operate from a 6,000+/- sq ft building (2,000 office/4,000 factory) with another 1,000 sq. ft. outside, plus parking. Total rent is $6,800 plus CAMNNN of about $550. The lease has another five years to run, with a landlord interested in long-term tenants.
Services include repair, rewinding, and rebalancing, and rebuilding of motors and pumps up to 1000 HP.
Some of the product lines offered include: A.O. Smith, Baldor, Bell & Gossett, Century Electric, Emerson Electric, General Electric, LaFert North America, Leeson Electric, Lincoln Motors, Marathon Electric, Reliance Electric, U.S. Electric Motors and many more.
Financial Data: The owners of this business want to keep the potential sale highly confidential. They are prepared to share complete financial data tax returns, bank statements, P&L, balance sheet, customer records, etc. but only after obtaining an NDA and basic evidence of financial resources from a prospective buyer and engaging in a discussion with the seller and the broker.
Seller's Discretionary Earnings ('SDE') for one owner-operator are estimated to be $300,000 (about 17% of gross). During 2018, some changes were made in sales operations and distributorships, which may affect the actual SDE for 2018.
The Transaction: The business is offered for total price of $1,795,000 (approximately 1x annual sales). This is for the entire business tangible assets, e.g. equipment, machinery, furniture, fixtures, etc.; website, trademark, logo, trade name, telephone number, methods of operation, vendor/supplier resources, customer lists, etc.: and good will. It does not include cash, accounts payable, accounts receivable, or corporate entity. Inventory (approx. $20,000) is extra at actual cost.
Seller will be available for several months for a smooth and orderly transition.
Some seller financing may be available for a qualified buyer with adequate collateral.
Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does not represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.
To get more information about this Pump Manufacturer Repair Service business for sale in
San Francisco Bay Area please phone Tim Cunha (Intermediary, Broker - BRE License #:01919755) at 650-600-3751 and 844-237-6487 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #250564 on BizBen.com. In addition to phoning
Tim Cunha, make sure you email Tim Cunha above to get more info about this
Pump Manufacturer Repair Service, to ask any questions or request an appointment to see this
business for sale, franchise, or opportunity. Thank you.
Related Links And Information Regarding This Posting
For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278.
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I've worked at top Bay Area law firms and have extensive experience with business entity formation, mergers, dissolutions, conversions, employment matters, including experience in reviewing and negotiating transactional documents such as leases and purchase agreements.
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