This is a 50-year-old family business which specializes in the manufacturing, service and sales of industrial air purification systems. They are also a distributor of filters for the equipment they have manufactured or competing brands. This business has grown from primarily a regional business to an international corporation with almost $10 million in revenue in 2022 and just under $11 million in 2023. The projected revenue for 2024 is just over $11 million. Built from the ground up—from a small local business to a nationally recognized name in the air filtration industry—this business has expanded its market share and global reach in every metric and vertical. From residential and commercial air filters to custom-designed, company-manufactured industrial airborne particulate purification systems, the management and supervisory team at this business are recognized experts in commercial and industrial air purification systems
- Asking Price:
- $13,000,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,247,471
- Cash Flow:
- $2,220,633
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$204,000 per annum
- Premises Details:
-
$17,000 lease rate per month is for both locations. Headquartered in Buffalo its 34,000 ft2 facility consists of a 22,000 ft2 manufacturing space, a 10,200 ft2 distribution area, and an 1,800 ft2 sales office. Also has regional office in central New York. This location features a 2,000 ft2 sales office, utilized for manufacturing, office space, and 1,800 ft2 of sales-support warehousing.
- Size in square feet:
- 37,800
Business Operation
- Expansion Potential:
-
The air purification systems’ market was valuated at $21.054 billion in the year 2019 and projected to grow at a CAGR of 13.71% to reach the market size of $51.748 billion by the year 2026
- Competition / Market:
-
Commercial applications for the automotive, manufacturing, and various specialty industries are prime markets for spray paint booth equipment sales, installation, maintenance, and service. Educational, medical, healthcare, and industrial settings are broad market segments for air cleaner and purifier equipment sales, installation, and service applications
- Reasons for selling:
-
Retirement
- Employees:
- 20
- Years established:
- 1975
