Overhead Crane Manufacturer In Tennessee For Sale

Business description

The company has over 20 years experience providing overhead handling solutions to customers in a wide range of industries. The business Designs, Engineers, Builds & Installs turnkey overhead crane systems involving a variety of sizes up to 15 Ton in house with larger capacity cranes being constructed through partners. The business is also a major distributor to several hoist/crane manufacturers specializing in industrial facilities, water treatment plants, & pump stations.

The crane industry plays a critical role in a large number of industries involving material handling. The company provides solutions to enable its customers to have the maximum efficiency, uptime, and highest life cycle value for all material handling products. While the geographic focus has been on the Southeast region, the company has successful implementations throughout the continental United States.

Property information

Real Estate:

Lease

Lease terms:

This property is available for lease at $1,600per month + utilities or available for purchase. Additionally, the seller owns commercial property in the area (also for sale) that would be ideal for the construction of a box girder manufacturing facility.

Leasehold rent:

$1,600 per annum

Location:

The company is located in the Southeast region, a natural location for either a corporate headquarters or a regional office, thanks to the central location, pro-business mindset, and “right-to-work-state” status. There is a network of highways that run through the area that make it a natural distribution center, not to mention the excellent labor force, good weather, great entertainment options, and low taxes.

Major industries are settling in the region, and their suppliers, vendors and competitors aren’t far behind. With massive new billion-dollar developments recently implemented, the area has become an international hotspot for global industry. And as these major concerns set up shop here, they are providing launching pads for feeder companies, research facilities and much, much more.

Premises details:

The business is located on a 1 acre parcel of land with two facilities:
1 - Sales/Administration Office: 3 offices and 1 bathroom accommodating 5 people.
2 - Shop/Manufacturing Facility: 4,000sqft.

This property is available for lease at $1,600per month + utilities or available for purchase. Additionally, the seller owns commercial property in the area (also for sale) that would be ideal for the construction of a box girder manufacturing facility.

Other information

Expansion potential:

The business has many options available for expansion & growth:

Outside Sales Position:
The addition of an outside person to call on A&E firms to assist in writing the specifications for Overhead Cranes projects would be a recommended strategy to expand both sales & income.

Service Department:
Incorporating a service department for inspections and maintenance to the operation would be an inexpensive and easily accomplished task to add another stream of income to the business. These opportunities are currently being referred out and could easily be brought back in-house.

Dealer Sales Network:
Revenue can be increased through the establishment of a dealer sales network within the material handing industry for the resale of overhead crane turn-key solutions.

Box Girders:
Expanding in the manufacturing of box girders would be a logical growth strategy given the limited competition in the areas served by the business. The founder owns commercial property, also for sale, that would be a logical area for developing such a plant.

Competition / Market:

The business has limited competition in the area and tremendous upside potential.

Support & training:

An engineering or manufacturing background is not a prerequisite to be a successful operator of this company. The seller is available to fully train the new owner in all facets of the operation as well as provide considerable assistance in the transition of the business. Additionally, the seller is able to assist the new owner in implementing any number of the growth initiatives outlined. Seller would recommend staying on board, post-sale, under a 1-2 year consulting agreement on mutually acceptable terms.

Reasons for selling:

The owner is pursuing a sale to achieve financial diversification enabling him to move on to the next phase of his life, comfortably positioned for the retirement years with his family.

Owner financing:

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

Financing available:

Seller financing may be available based upon the terms & conditions of the purchase in addition to the qualifications/experience of the buyer.

Furniture / Fixtures value:

$140,700 (included in the asking price)