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This off lease forklift company is 100% business-to-business, with over 120 vendors and incredibly low customer concentration! The owner of this business will stay on as an equipment purchaser for 3-5 years for the new owner. Located just outside of Charlotte, North Carolina, the company specializes in buying used forklifts and other material handling equipment from banks, rental fleets, and leasing companies, then sells their inventory to large used equipment dealers as well as small independent dealers around the world. Inventory consists entirely of gently used off-lease equipment, including forklifts, aerial lifts, telehandlers, narrow aisle equipment, and light construction equipment such as skid steers and excavators. The owner handles the purchasing, and the highly skilled team includes 3 salespeople, 1 Controller, 1 Assistant Controller, 1 Shop Manager, 3 technicians, 1 Shipping/Receiving Manager, 2 shipping/receiving staff, and 2 part-time data entry personnel.
Operating out of a 22,000 sq. ft. facility, the space is fully stocked with equipment year-round; they sell an average of 110-175 machines per month. The in-house team does a 70-point check on each piece of equipment and all data is entered into their proprietary inventory management system in real-time. With over 200 years of combined experience across all models and brands, the business is one of the largest material handling wholesalers in the nation. They currently have 500+ machines in inventory with an average turn rate of just 91 days.
With low customer concentration and excellent relationships with vendors, this company is extremely well-known in the industrial material handling equipment industry. The growth strategy is relatively simple: if you have capital, you can buy more inventory; with more inventory, you get more revenue. The need and demand is there.
Real Property Included
22,000 sq. ft. facility: 2,500 of office space, 19,500 sq. ft. of warehouse space
Growing active family
Would stay on as an inventory buyer if desired for up to 3 years
12.5% Seller Financing: $778,125
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