Bucket Truck Repair, Safety Inspections & Sales (71469)

Financial & Assets Details

About the Business

Business Description

As a full service repair shop, offering both on-site and in-shop assistance, they specialize in annual inspections and reparations of hydraulic mounted manlifts and cranes, as required by OSHA and DOT. Company is capable of providing maintenance to commercial fleets of all sizes as sales include new and used parts, equipment for trucks, as well as a rental convoys. Currently extending throughout Michigan, Indiana, and Ohio, the new owner could maximize income by increasing advertising efforts, deals, and personnel. Company is considered essential and has therefore kept its market share with accompanying profits throughout the pandemic. Thanks to a new 15,000 square foot building, business is multiplying its potential as they not only rent and repair the trucks but can build them as well. The facility features 10,000-sq.ft. of shop space with two overhead cranes and 2,500-sq.ft. of clerical room, plus a full assorted parts department and another 2,500-sq.ft. to use as administration for leasing or to expand their sales team. Property is optional for separate purchase and a tenancy is negotiable. Benefitted by six certified employees, the industry-experienced crew is known for quality work and reliability, supported by nearly 20 years of ongoing operations. Seller will be available for a smooth transitioning period as Gross Sales have been growing over the past half decade due to additional services and new consumers. Revenues increased up to 14.6% with $1,528,508 in 2021, from a $1.33 Million in 2020; alongside Discretionary Earnings that raised to $441,000 last year from $251K during the recession. With a large customer base and solid reputations, the company continues to attract passerby while maintaining its high status with existing clientele.

Seller Financing

Financing can be negotiable for the appropriate buyer.

Location Details:

Property is available for separate purchase and a tenancy is negotiable..

Support & Training

Smooth Owner Transition period of up to 3 months.

Reason for Selling:

Approaching retirement and/or pursuing other interests.