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East Coast Home Elevator and Machine Shop Poised to Expand

Listing Number: 87453-545096

Description

Business is booming and poised for a new group or person to take it to the next level.
This will be a $50 million company within 3 years for the right investor operator.
Over $3 million in State of the Art equipment and inventory is included in this sale.
They manufacture and assemble their own home elevators for all their own installations. Getting ready to start selling these elevator complete kits nationwide.
Spreading up and down the East Coast would be very easy based on its current location and staffing.
Owner is full of expansion idea will stay around for awhile if needed but plans for retirement w grandkids plus family health issues are the reason for them looking to sell at this time.
Fairly priced considering its profit level plus now making their own parts for these home elevators.This business has increased sales and decreased cost of goods sold in 2021,2022 and year to date 2023. It is already showing a 25% sales increase which projections close to $9 Million Dollars in 2023 Sales.
The owner has reinvested close to a million $$ in profits to purchase more state of the art manufacturing equipment as they prepare to scale up operations.This one if a kind business is a fast growing Home and Commercial Elevator company doing complete installations for existing or new construction homes.
They also service all different brands of elevators in addition to manufacturing, milling and assembling their own hardware parts with new cutting edge technology in their cutting edge Precision Machine Shop. It is also included in the purchase price and has cut cost of goods in half over the past year in addition to beginning to have its own stand alone contracts for metal jobs.
The sky's the limit for expansion in this hot home improvement field where many people wish to have a Home Elevator in their residences at a very reasonable price.
Some analysts predict over 300% growth in this area and this company is prepared to dominate this section of growth.
All infrastructure including specialty milling equipment is in place along with a large fleet of trucks to support expansion.
Owner looking for the right company and offer to leave his legacy with. He is also available to stay on as an advisor or research and development consultant as needed.
Owner wants to see the business grow but also needs more time with family so semi retirement is the next step....but he can stay on part time or as needed.

Listing Details

  • Price: DH 9,000,000
  • Down Payment: DH7,000,000
  • Sellers Discretionary Earnings: DH 1,834,000
  • Total Sales: DH 7,595,599
  • Location: North Carolina

  • Inventory: DH 1,054,000
  • FF&E: DH 2,078,000
  • Employees: 55
  • Year Established: 2017
  • Reason for Selling: Retirement
  • Category: Construction
East Coast Home Elevator and Machine Shop Poised to Expand

Business Listed By:

Darlene Byer
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