Commercial & Municipal Equipment Dealer
Founded over 30 years ago, the Company is a niche maintenance equipment dealer located in Illinois. The Company sells and rents new and used equipment to commercial and municipal customers. Additionally, the Company holds certifications to service all its equipment. Since the Company operates in a niche industry, it has expanded into many different product and service offerings to make itself a one-stop shop for its customers.
One of the biggest strengths of the Business is the contracts it holds with its manufacturers. The Company consistently ranks as one of the top dealers nationwide for many of its manufacturers. As a result, the Business has never lost one of its core manufacturers to another dealer. These contracts outline exclusive sales geographies where only this Company is authorized to sell the manufacturer’s equipment.
Ownership is minimally involved in the day-to-day operations of the Company. The operations are principally run by a three-person management team, all of whom are in the prime of their career and expected to remain with the Company. The Company benefits from a strong culture that promotes teamwork and partnership through its extensive benefits package and company-wide bonus program.
The Business operates out of a single building owned by a related entity; the real estate is also available for sale. The facility has an equipment and supplies showroom, a service area, office spaces, and a fenced-in yard that houses all the new and used equipment. There is a major growth opportunity to open a new branch in a nearby geography.
Buyers will be required to have a minimum of $300,000 of liquid funds to be considered for this opportunity.
Business Details
Location: Illinois
Number of Employees: 21 (including owner)
Facilities and Assets: 17,250 square feet with retail, office, and shop spaces. The offices were renovated in 2020, and exterior renovations were completed in the same year.
Support and Training: Ownership is willing to provide reasonable and customary transition assistance following the completion of a transaction.
Reason for Selling: Ownership is seeking to pursue retirement.
