Design Fabrication Of Industrial Hydraulic Lifting Equipment Business For Sale

Business description

Because design engineers know that each hydraulic lifting application is different they turn to a hydraulic lift supplier with the experience and flexibility to solve their toughest design dilemmas. For over 50 years this profitable company has provided design engineers with hydraulic lift solutions offering: • Custom application designs • Unparalleled safety • Thorough design testing • Sturdy fabricated structures to complement each hydraulic lift
This business is committed to understanding the needs of their design engineer partners. The companys Engineering Services Group works closely with clients to understand their unique hydraulic lifting requirements. Then they provide tested, flexible, reliable designs to meet those needs. The company fabricates several types of hydraulic cylinders. They have a cylinder that does not require a pit as well as the "Severe Duty" which as many possibilities. As far as they know, they are the only company fabricating this type of cylinder.
The company has the engineering experience and versatility to meet wide-ranging hydraulic needs for a variety of applications. • Manufacturing • Foundries and Steel Mills • Kilns • Shipyards • Warehousing • Transportation • Veterinary/Agricultural • Theatrical. The company designs and fabricates industrial hydraulic lifting equipment. They do have standard lifts that they fabricate, however the special or one of a kind is more common. They will fabricate only a cylinder or they may include a structure to support the product as well as the hydraulic and electrical controls.
All Equipment and inventory are included in the asking price. There are 2 vehicles negotiable, 2004 & 2005 Fords. Major equipment includes: (2) 25 foot lathes, 2 vertical Turret Lathes, 1 horizontal boring machine, 1 Radial Arm Drill, 2 Vertical Mills- Bridgport type, 1 turret lathe, 2 tool room lathes, 6 welders, 2 band saws, 2 rotating pipe welding carts, 1 "Genie" Boom Man Lift and a Cylinder Test Fixture.

Property information

Real Estate:

Real Property Included

Premises details:

The building includes 10 offices, two of which are larger. Also there is a library and a copy room with literature storage. There is a 20x50' open area with 5 open offices, a tool room and storage. There is a locker room with three offices above it and storage space. The building is a concrete block building with a steel section attached. Includes 10'x80' pad in rear, pipe storage rack, 2 inside test ptis & 1 outside with work platform. This is located on 3 acres of land with some room for expansion or another building. The property is available for an additional cost.

Other information

Expansion potential:

More extensive advertising would help with growth and expansion.

Competition / Market:

There is some competition but this company is the only one that puts the service package in such a variety the way that they do. This business has been known to do some international business as well through OEM.

Support & training:

There are 2 employees in the shop and the 2 owners run the office. More employees might be added in the new year. Owner will stay for a reasonable transition to help acclimate new owner to area, clients and the business.

Reasons for selling:

Retirement

Trading hours:

Days: Monday - Friday
Hours: 8-5 or done.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

20% financing available

Furniture / Fixtures value:

$309,700 (included in the asking price)

Inventory / Stock value:

$230,000 (included in the asking price)