Catylist ID:
#30738546
AC, DC Motor Repair
Undisclosed Address, Michigan
Business Opportunity
for Sale
| Catylist Listing ID: | 30738546 |
| Property Subtypes: | Machinery |
| Building Size (RSF): | 5,500 SF |
| Sale Price: | $300,000 - 450,000 |
| Name of Establishment: | Lang & Leaman Electric Motor Repair |
| Business Website Address: | henryjohnsonrealestate.com |
| Year Business Established: | 1950 |
| Gross Revenue: | $500,000 (Annual) |
| Cash Flow: | $125,000 (Annual) |
| Cash Flow Type: | Sellers Discretionary Earnings |
| Relocatable Business: | Yes |
| Sale Terms: | Will Hold Paper, with adequate Down Payment, Purchase Business Only, Purchase Business & Lease Property |
| Last Updated: | 1/16/2023 |
Overview / Comments
|
Business, Equipment, Inventory, Land & Building. 40 Year Customer List. Huge Backlog of work from huge Customers. Great Cash Flow. Will sell on Contract, with adequate Down, Purchase Business & Lease Building, Purchase Business only Owner Retiring, however, will stay as Consultant. |
Attachments & Media
Additional Details
| Industry Segment: | Industrial Machinery Dealers and Distributors |
| Reason for Selling: | Retiring, however, will stay as Consultant. |
| Value of Inventory Included ($): | $50,000 |
| Value of Furniture, Fixtures, and Equipment ($): | $105,000 |
| Real Estate Status: | Real Property |
| Value of Real Estate Included ($): | $550,000 |
| Real Estate Lease Description: | 5 Year Lease with options to Extend @ $5,000/ Mo. Net |
| Employee/Labor Description: | 4 Full time employees |
| Mgmt/Training Support Description: | Manage & Training Support, 6 Mo. Will stay as Consultant. |
| Competition/Market Description: | Several large Co. have all work done @ there Shop. Major Mid Michigan Clientele. |
| Growth/Expansion Opportunities: | Mid Michigan has Huge Industrial developments, all have Specialty Motor requirements! |
| Seller Financing Description: | Sell will Finance with adequate Down Payment. Business only, to move to your facility, Business only & Lease Building |
Demographic Statistics
| Proximity: | 5 miles |
|---|---|
| Total Population: | 2,593 |
| Median Age: | 44.17 |
| Households: | 1,031 |
Contact
Henry JohnsonHenry Johnson Real Estate & Leasing CompanyCPIX Member |
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