BUSINESS DESCRIPTION
The Business for sale is one of the largest, third-party remanufacturer and maintenance firms for industrial vacuum pump equipment in the U.S., based on revenue, as well as the variety of products and market served. Vacuum pumps are used in a multitude of industries, and this company is a total solutions provider offering comprehensive options, including servicing existing equipment and the sale of remanufactured equipment at a fraction of the cost of new equipment. The company?s customer base includes blue chip companies and institutions, and derives 95 percent of revenue from repeat business. The company has finalized an agreement for a new opportunity that should bring sales to exceed $3 million and increase profitability for the current year and beyond. Sales have grown steadily and reached $2.93 million in 2010 with $365,436 in EBITDA. Sales are forecast to increase another 10.8 percent in 2011 to reach $3.25 million.