Manufacturer Of Electric Powered Vehicles For Sale

Business description

This company has a product line of electric powered vehicles. The smallest is capabler of pulling 1100 pounds and the largest can carry 4400 pounds. THey also manfacture lifting systems for heavier loads as well as other products including Piggy Backs with detachable trailers for warehouse applications, trailers, and pallet jack systems, hitches, battery carts, battery charging systems, personal transport vehickles (ie hauling passengers in airports) etc. The company has done an excellent job in design and manufacturing, but is in need of sales and marketing. Current sales volume is in the $1M to $2M range. They hope to sell the company to a larger entity with sales and established distribution channels or to someone familiar with the industry and has the financial capacity for a deal this size. There is no formal asking price or terms at this time. The owner owns the real estate comprise of a 18,000SF building located in an industrial park on about 5 acres. He is open to selling the real estate or leasing it. Both the business and real estate are owned basically debt free. All buyers must sign a Confidentiality Agreement before obtaining any additional information. No Co-brokers or Buyer Reps--Principals Only--No Exceptions, For additional information, please contact the listing broker.

Property information

Real Estate:

Real Property Included

Location:

18,000 SF facility located in an industrial park and situated on 5 acres. The Seller personally owns the real estate and is open to leasing it or selling it with the sale of the business.

Other information

Expansion potential:

This company is ready to be taken to the next level by a strategic buyer with established marketing, sales, and distribution channels.

Reasons for selling:

Seller would like to find a strategic buyer with established marketing and sales.

Furniture / Fixtures value:

$500,000 (included in the asking price)

Inventory / Stock value:

$400,000 (included in the asking price)