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Elevator Contractor & Maintenance Provider
Location: United States -> Texas -> Houston -> Houston
Industry: Manufacturing > Machinery Manufacturing




Business Summary

Company provides and installs elevator cabs, and lifts for commercial and residential buildings. Also provides maintenance and state safety code compliance work. Company acts as a general contractor for code work, providing all the trades required to make the elevators code compliant. Typical work performed: Electrical power supplies for the elevator equipment, lighting in the elevator machine spaces (pit, machine room, top of hoist way), GFCI power supplies, HVAC for the elevator machine room (with electrical supplies for HVAC equipment), fire alarm system upgrades, repairing walls (concrete, sheetrock) in the elevator hoist way and machine room to meet the required fire rating, provide fire doors to machine room and walk-in pit entries, insulating, sealing, relocating non-elevator piping in elevator machine rooms, installing vents from the hoist ways to atmosphere to prevent accumulation of toxic gases and smoke should a fire ever occur, build barrier walls to separate the hoist way and machine room spaces, etc. Owners utilize State licensed subcontractors for HVAC, electrical, and fire system work. Manages projects from design to production and installation to completion.

Clients include hotels, universities, banks, real estate management firms, Fortune 500 companies and U.S government. Personnel have 70+ years of experience with homeowners, building owners, property managers, building engineers, architects and general contractors.

Products include wheelchair inclines, vertical, portable, straight and curved stair-lifts, material cargo lifts, dumbwaiters and cab interiors. 30 day credit terms. Sources of work are 45% new equipment, 45% used equipment with code work and 10% lifts. Large backlog of projects. High margin business in a unique specialty niche. Please refer to CBB Listing #7846TP


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $1,244,327
Cash Flow:   $393,904
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $52,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2003
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Seller will train
Reason For Selling:  Retirement




Print Listing Id: 700230653
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