Forklift and Material Handling Business – Gippsland, VIC
Melbourne VIC
Last asking price $4,000,000
Sold October 2023
Manufacturing, Manufacturing
Business ID: BS148594
Forklift and Material Handling Sales, Service and Hire Business – Gippsland, VIC
Leading equipment sales and rental business in Gippsland. Extensive permanent & casual hire fleet. Adjusted EBITDA $878,000 (3-year average)
Family-owned and operated business purchased by its current owners in 2003. Is the Sales & Service agent for two leading forklift, material handling, and construction machine brands. Has expanded their range to include wear parts, ground engaging tools, cutting edges, personal access equipment, plant trailers and loading ramps.
Business services an extensive area from Warragul in West Gippsland to the VIC/NSW border. The team of 11 employees (including the two owners) have the expertise to resource all areas of the business being machine sales, service, spare parts, hire, and finance.
Occupies a large warehouse premises that consists of a very well-presented showroom, offices, and fully equipped workshops (with multiple vehicular access points). The front of the property is a large paved area for convenient customer parking and machine display/ storage.
-Long track record in equipment solutions
-Strong reputation and brand recognition throughout Gippsland
-Established agency and industry relationships
-Diverse product range that is in demand
-Strong cashflow generation through three separate profit centres (Sales, Service, Hire)
-Sole dealer of certain products in region
-Strong knowledge of products, customers, and industry
-Operates 5 days a week, Monday to Friday
The current owners are committed to ensuring a smooth transition of the business to a new owner and are open to a transition period of up to 1 month and willing to consult for a period after that, if considered useful.
To set up a comparable business with similar agency dealer relationships and an established customer base and permanent hire fleet would incur significant levels of time, investment, and risk. This business is primed and ready for an existing industry participant or investor to acquire and leverage from immediately.
Asking Price: For sale via Expressions of Interest with an anticipated range of $4m-$5m inclusive of Assets ($2,123,400), Goodwill, and Stock at Value ($750,000)
Property Code: 2949