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

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Demographic Statistics

Proximity: 5 miles
Total Population: 2,593
Median Age: 44.17
Households: 1,031

Contact

Photograph of Listing Agent

Henry Johnson

Henry Johnson Real Estate & Leasing Company
CPIX Member
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