Industrial Commercial Heat Frost Insulation For Mechanical Systems For Sale

Business description

This profitable insulation company was founded in 1967 and has been owned by the current owner since 1985. They have been servicing nationwide, heat and frost insulators for mechanical systems in the industrial and commercial fields. Their happy clients include schools, hospitals, manufacturing plants, malls, shopping centers just to name a few. The business owner would really like to retire.
This business is housed in an office space of 1,600 square feet with additional warehouse space nearby. They are located on a city street in a high traffic location with good visibility. There is no special licensing required for this business.
The primary business activity of this wonderful business is: Heat and frost insulators for mechanical systems employed in industrial and commercial structures. For example, schools, hospitals, manufacturing plants, shopping centers, and etcetera.
Inclusion of Inventory, equipment and vehicles is negotiable. 3 pickup trucks are used in the operation of this business.

Property information

Real Estate:

Lease

Premises details:

There are 2 leased buildings, one is 1,600 sq ft with two 400 sq ft offices and an 800 sq ft Estimating room. This is 1 block off main express way very close to downtown. The other is leased warehouse space located approximately 4 blocks from the office space. The warehouse area is approximately 50,000 sq ft. They are in good condition with room for expansion at current site. It can be relocated

Other information

Expansion potential:

Adding an electrician who can install "heat tape" prior to the installation. This would provide another profit center and save time waiting for electricians to complete their procedure. A new owner with basic computer skills would greatly help, current owner spends an extensive amount of time on tasks that would be better, more efficiently done on the computer.

Competition / Market:

This company has an excellent reputation over the years in Western Michigan and has a high referral rate because of their product and knowledge of the industry. Most of their advertising is word of mouth, however they do advertise in the yellow book and online. 95% Repeat customers, 25% refferral customers.

Support & training:

Owner will stay for reasonable transition

Reasons for selling:

Retirement

Trading hours:

Days: Monday - Friday
Hours: 8-5 as needed

Owner financing:

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

Financing available:

OWner financing up to 10% is available.

Furniture / Fixtures value:

$40,000

Inventory / Stock value:

$10,000 (included in the asking price)