Current Status: Active
Posting #: 265035
Last Refreshed: 5/5/22
Contact: Tim Cunha At 650-600-3751 , 844-237-6487 - Also Email This Contact Below
Asking Price: $1,200,000 Down Payment: $240,000
Annual SDC: $265,000
Annual Gross: $1,200,000
Attributes: Broker-Broker Coop, Semi-Absentee Run, Training & Support, Owner Financing, SBA Loan Pre-Qualified
Located in the Silicon Valley vicinity of the San Francisco Bay Area, this business repairs, services, distributes, and manufactures electric motors, pumps, and related products and replacement parts, serving northern California for five decades.
The business is profitable and highly-respected, serving hundreds of regular recurring industrial and governmental customers, with over 1,000 customers in the database. One of the many intangible but valuable assets is the very favorable market exposure to several hundreds of loyal, highly-satisfied commercial and industrial customers who would be premier prospects for additional products and services.
The staff has many decades of experience and expertise. The principal owner/CEO of the business is available for a smooth and orderly transition for several months or more, at the option of the new owner. The employees and managers do not know that a sale is contemplated, and the seller has every reason to believe that all would stay on at the new owner's option. The owner-manager works approximately three days per week and is open to staying on for a structured transition, short- or long-term.
The business operates from a leased 6,000+/- sq ft building with another 1,000 sq. ft. outside, plus parking. Total rent is $9,900 plus CAM-NNN of about $550. The lease has over one year remaining.
Services include repair, rewinding, and rebalancing, and rebuilding of motors and pumps up to 1000 HP. Scores of prominent product lines are offered (to be disclosed on signing an NDA).
The owners of this business want to keep the potential sale highly confidential. They are willing to share complete financial data for several years 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, engaging in a discussion with the seller and the broker, and the buyer showing positive evidence of serious interest in an acquisition.
Gross Sales Revenues: 2020 see below; 2019 $1,716,675 (29.5% increase over 2018); 2018 $1,325,852; 2017 $1,846,980; 2016 $1,727,517. While 2018 sales were uncustomarily low, 2019 recovered with the resumption of on-the-road sales representation. In late 2019, policies were implemented to change contract pricing procedures to increase gross revenues on same-customer sales by about 7% and net profit by over 30%.
In 2020, sales were approximately $1.2MM, down only 30%, despite the Covid-19 pandemic. This reflects the impact the virus had on industrial operations in general, but also reflects the sustainability of the business, staying open as an essential service and still preserving 70% of prior year sales. P&L for 2020 and SDE for 2020 are still being prepared. In 2021, sales are returning to previous levels.
Customary Seller's Discretionary Earnings ('SDE') for one owner-operator was calculated by the Seller to be about $265,000 (2019); the SDE is earned by the owner-operator while working 60% of full-time, which suggests an SDE for a full-time owner-operator of over $400K.
The Transaction: The business is offered for a total asking price of $1,200,000, subject to negotiation and terms. This is for the entire business: tangible assets, e.g. equipment, machinery, furniture, fixtures, etc.; and intangible assets, e.g. website, trademark, logo, trade name, telephone number, methods of operation, vendor/supplier resources, customer lists, etc.; and goodwill. It does not include cash, accounts payable, accounts receivable, or corporate entity. Inventory (approx. $20,000-$30,000) is extra at actual cost. Some seller financing may be available for a qualified buyer with adequate collateral. The business should be qualified for SBA financing.
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 qualified professionals prior to purchasing the Business.
To get more information about this Industrial Electric Motor Repair Service And Sales business for sale in
SF Bay, Silicon Valley 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 #265035 on BizBen.com. In addition to phoning
Tim Cunha, make sure you email Tim Cunha above to get more info about this
Industrial Electric Motor Repair Service And Sales, to ask any questions or request an appointment to see this
business for sale. Thank you. License # 01919755. EvergreenGold Business Broker.
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Down Payment: Call
Annual SDC: Call
Annual Gross: Call
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Annual SDC: Call / Email
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Status: Active Posting #: 273128 Refreshed: 5/22/2022
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Attributes: Broker-Broker Coop, For Sale By Owner, Training And Support, Owner Financing

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Rent at $2,500 per month for a 3,000 sq ft shop. Owner training. Employee has been with company for over 30 years is willing to stay.
Contact: Owner: 415-559-2007
Status: Active Posting #: 272946 Refreshed: 5/19/2022
Asking Price: $120,000
Down Payment: Email
Annual SDC: Email
Annual Gross: Email
Attributes: For Sale By Owner

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