Consistently Profitable Office Equipment Sales & Service Company

Undisclosed Address, Traverse City, MI 49686
Business Opportunity for Sale
Catylist Listing ID: 30766979
Property Subtypes: Office
Building Size (RSF): See Agent
Sale Price: $475,000
Name of Establishment: Consistently Profitable Office Equipment Sales & Service Company
Business Website Address: https://bit.ly/2YGEGHG
Year Business Established: 2006
Gross Revenue: $745,000 (Annual)
Cash Flow: $143,398 (Annual)
Last Updated: 10/11/2021

Overview / Comments

With over 15 years in the business, the Company has grown its name and reputation as one of the most dedicated office equipment companies in the area.
The Company’s staff is devoted to customer satisfaction and take responsibility for the quality of all products and services rendered to their customers. Their exceptional service is reflected in their 95% customer retention rate, with 95% of their customers on evergreen contracts.

This Company offers top-of-the-line office equipment in the Northern Michigan, which include multi-function printers, production digital presses, scanners, 3D printers, as well as service of every product offered. Serving 17 counties, the Company has a mix of exclusive and shared territories for sales and service of their supplier’s products, which are known for being the highest quality in the industry.

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Additional Details

Industry Segment: Office Equipment Distribution
Reason for Selling: Retirement.
Value of Inventory Included ($): $130,000
Value of Furniture, Fixtures, and Equipment ($): $11,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: 3,750 sq. ft. commercial space leased at $2,300/month.
Employee/Labor Description: 3 staff members.
Mgmt/Training Support Description: Ownership is willing to provide reasonable and customary transition assistance.
Competition/Market Description: (1) Exclusive and extensive supplier territory. (2) Loyal customer base—95% evergreen service contracts. (3) Financially successful with minimal staff.
Growth/Expansion Opportunities: (1) Expand into neighboring counties. (2) Expand product offerings – supplier offers Software, IP phone systems, and Managed Print Services. (3) Local population growth, as well as trends towards touchless printing and scanning are expected to continue to grow demand for products and services.
Seller Financing Description: Limited seller-financing is available for qualified buyers.

Contact

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