163 Washington St

About this home

ESTABLISHED ELEVATOR MAINTENANCE COMPANY - 40+ YEARS OF PROVEN SUCCESSThis exceptional elevator maintenance and service company represents a rare opportunity to acquire a highly profitable business with four decades of continuous operation in Worcester, Massachusetts. Family owned and operated since 1985, this union-operated enterprise has built an outstanding reputation serving the commercial and industrial elevator market.FINANCIAL HIGHLIGHTS:• Annual gross revenue: $1,000,000+• Asking price: $400,000• Inventory value of $400,000 included in sale price• Consistent revenue stream built over 40+ years• Strong financial performance with established profitabilityBUSINESS OVERVIEW:This well-established company specializes in elevator maintenance, repair, and service for commercial and industrial clients throughout Worcester County. The business operates with union technicians, ensuring high service standards and technical expertise while maintaining competitive labor practices.KEY STRENGTHS:• Four decades of market presence and reputation• Comprehensive established client base with service contracts• Union-operated workforce providing skilled labor• Complete inventory of parts, tools, and equipment included• Long-term customer relationships generating recurring revenue• Proven operational systems and proceduresINCLUDED IN ACQUISITION:• Complete client list and existing service contracts• All inventory, tools, and specialized equipment ($400,000 value)• Established vendor and supplier relationships• Four decades of operational knowledge and systems• Union workforce agreements and labor contracts• Business name, reputation, and goodwillLOCATION AND MARKET:Based in Worcester, Massachusetts, the company serves a diverse client base throughout Worcester County including office buildings, manufacturing facilities, healthcare institutions, and commercial properties. The business is relocatable, providing operational flexibility for new ownership.GROWTH POTENTIAL:With established client relationships and union workforce in place, new ownership can focus on expanding service offerings and growing the customer base while maintaining the high service standards already in place.