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Macomb County Michigan

  • Listing Number: 217-22360

    Category: Manufacturing, Service - Commercial B2B

Asking Price $150,000
Down Payment $150,000
Gross Revenue $1,189,278
Total Adjusted Net Income $125,096
Equipment / Fixtures $150,000
Year Established 1991
General Location Macomb County Michigan
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The company is a Southeast Michigan provider of industrial oil recovery systems used throughout the US and a little bit in Canada. It builds custom systems for oil purification (41%), distributes industrial oil (40%), rents out equipment (10%) and sells parts and services for these systems (9%). The business is relocatable, or the Buyer can lease the building for 1-2 years with an option to buy, or purchase the real estate (see below).

The owner has been in business over three decades and is very active in the business today. The demands of both the business and his family have increased. The owner is ready to exit from business ownership but will be available as a full-time employee at a very reasonable rate to ensure a smooth transition for up to a year.

The company provides a wide range of products and services in the industrial fluid recycling and dehydration niche.  This is all done with just two full time employees in addition to the owner.

While the company has created plenty of options for generating revenue for a new owner, an ideal approach is to initially focus on the sweet spots. While customers have put their trust in the company to solve unique and wide-ranging problems, the opportunity lies in streamlining the business offerings and defining boundaries.

With new energy and a disciplined approach, a new owner can utilize the current owner to help set a consistent and focused course. The ideal buyer is mechanically proficient, has an applications engineering mindset, and is a disciplined business driver. There is a healthy pipeline for 2023.

The building, sold separately for $1.1M, is 12,000 sf including two small offices and 2 bathrooms near the front of the building, over 30 parking spaces, several loading docks, 25-30 ft ceilings. The building is 50’ (street) by 240’ on 1.86 acres (144’x657’).

The back portion of the property is currently flat grass with residential zoning code. There are homes behind the subject lot, so it is up to the Buyer to determine how this grass portion of the back of the lot can be used. Both next door neighbors have their businesses all the way to the back bordering residences.

Between the building and the grass portion of the lot, there is a 2500 sf section with a cell tower on it. The lease brings in ~$800/month and will increase 10% in June of 2024. After that, the tenant has options to renew every 5 years with a 10% increase through June 6, 2059.

Gross Revenue
Listed Price
Total Income
Down Payment
Square Feet
Total Rent
Equipment / Fixtures
Full-Time Employees
Reason for Selling
Family health issues, retiring after 1 year working for new owner

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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