This Company has over 60 years of experience in material handling equipment and its associated applications. They are the industry’s leading and trusted in-stock source of quality casters, wheels, and material handling equipment (hand trucks, rollers, lifts, etc.). They assemble and distribute all varieties of casters, drum wheel trucks, rolling steel ladders with safety brakes, industrial hand trucks, drum handling equipment for docks, freights and warehouses, office chairs and other furniture casters, dollies, pallet jacks, platform rollers, drum rollers, etc. Their expertise allows them to recommend, design and supervise the fabrication of equipment, solving any mobility dilemma the customers may face. And since the client base is loyal for over 60 years, the company appears poised to have a stable income for the foreseeable future. By hiring a manager, It is possible for the company to be turn-key, while still maintaining robust profitability.
- Asking Price:
- $2,800,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $2,455,530
- Cash Flow:
- $578,042
Property Information
- Location:
-
United States, South America and Caribbean with emphasis on South Florida
- Premises Details:
-
Industrial Warehouse
Business Operation
- Expansion Potential:
-
The retail customer base is an ever-expanding market in the United States and abroad. With the excellent product and a strong sales team combined with SEO on-line visibility, expansion is unlimited. It could serve as a platform company servicing the established client base to introduce new related product lines outside of the current inventory. And there are many new industries to enter, for example, aircraft handling. With the sophisticated software inventory control and ordering system, growth can be managed successfully.
- Competition / Market:
-
The company is one of only two Florida distributors for the largest castor manufacturer in the United States (with exclusive rights to South Florida) and is a preferred distributor for the other major castor companies. The Company serves all businesses that use wheels; for example, cruise lines, hospitality, kitchens, supermarkets, factories, janitorial, marine, medical, retail, automotive, aerospace, pharmaceutical, furniture, machinery, etc., and is expanding into aircraft ground support. It is the only consequential casters distributor in south Florida.
- Reasons for selling:
-
Retirement
- Employees:
- 6 FT
- Years established:
- 1964
Other Information
- Support & training:
-
Thirty days
- Financing available:
-
None
- Furniture / Fixtures value:
- $199,969 - included in the asking price
- Inventory / Stock value:
- $749,951 - included in the asking price
