Remanufacturing business for sale in Illinois


What the business does

Industrial Lift Truck Motor Remanufacturing
- All Brands for Lift Trucks and AGV Drive Units
- Engineering Service for your Special Requirements
- Same Day Emergency Service
- In-house Machine Shop
- In-house Rewinding
- Motors are Remanufactured, Not Just Rebuilt or Repaired
- All Motors are Remanufactured to OEM Specifications or Better
- Reduced Actual & Perceived Warranties
- Special Process to Improve Stability of Permanent Magnet Motors
- Impact Indicators on Permanent Magnet Motors
- Temperature Indicators on Every Motor
- Installation Checklist Sent with Every Motor
- All Shipping Boxes are Foam-Filled to Protect Motor
- Over 45 Years Of Proven Commitment to the Material Handling
Industry
- 30,000 Square Foot Building Located in Lockport, Illinois

Why the business is an attractive proposition to a buyer

Growth potential of business with an outside sales force could dramatically increase market share and quickly and significantly increase sales.

Asking Price

$1,400,000

This amount is comprised of the following:
Assets (see attached) $1,200,000
Adjusted Earnings of Approximately (see attached) $240k using a multiplier of 3

Reason for selling

Ownership has already begun its succession plan with the next generation of family ownership. Owners are looking to see if an opportunity is available to provide the founder with an immediate financial benefit.

Required buyer qualifications

A buyer that is financially capable of paying a lump sum for a company that is poised to grow and has been established for over 45 years.

Contact seller


Last update: 8/26/2016 12:22:00 PM

Illinois, US


Contact

Contact seller

Location


Business location on the map