Well-known company in the field of machine lifters (installations, modernizations and services for elevators/elevators)

Investment opportunity, machine elevator company East Belgium

We would like to introduce you to an elevator company from East Belgium that has been operating on the market for almost 25 years.

The company offers the classic services of an elevator company, such as new installations, modernizations and service (repairs, maintenance, emergency calls, etc.).

The company can install and maintain fast electric and hydraulic elevators, but the focus is on elevators for special situations (car elevators, house elevators, kitchen elevators, freight elevators, etc.).

The company has very good contacts with customers who regularly order new systems or have existing systems converted. The customer base ranges from individuals to large companies. The company is also constantly receiving inquiries from new customers.

The owner currently employs two technicians and works with subcontractors. In addition, he (sales, engineering) and a financial administrator work in the office.

Keep in mind that the company sold its maintenance business in 2022 to one of the major elevator companies so that the owner could secure his retirement. However, the company is still active in the market, building about 30 elevators a year and getting new maintenance contracts from them. So this is a good opportunity for investors to access significant growth potential.

We are aware that maintenance contracts with elevator companies often represent a great value. Still, why would an investment in the company be worthwhile for you? And what is the seller's motivation?

The owner of the company has diligently built up the business over nearly 25 years and will soon reach retirement age. There are valuable contacts with customers and suppliers, and there is a lot of know-how in the company that the owner would like to pass on.

Moreover, the company operates in a segment that is still in high demand. The company still receives many requests. In recent years, the company has built between 28 and 37 elevators per year (102 from 2022 to 2024). The owner expects the company to receive a similar number of orders in the coming years.

For existing elevator companies, buying the company could mean a good expansion - (1) technically (special installations) - (2) in terms of personnel by the two employees and (3) the current location could become a branch office, for example.

As for how to sell the company, the owner is flexible and willing to think together about how to achieve the greatest possible success together.