Industrial Oil Recovery Systems Business for Sale in Michigan

This business is a well-established, 30-year-old provider of industrial oil recovery systems, operating in Southeast Michigan and serving clients across the US and Canada. The company's revenue streams are diversified, with 41% from building custom oil purification systems, 40% from distributing industrial oil, 10% from equipment rentals, and 9% from selling parts and services. The business is relocatable, offering flexibility for a new owner. The current owner, who has been active for over three decades, is ready to exit due to increased family demands and health issues, but is committed to ensuring a smooth transition by working as a full-time employee for up to a year at a reasonable rate. The operation currently requires minimal staff, with only two full-time employees in addition to the owner. The ideal buyer is mechanically proficient, possesses an applications engineering mindset, and is a disciplined business driver. The company has a healthy pipeline for 2023. The listing also mentions that the 12,000 sq ft building, situated on 1.86 acres, is available for lease (1-2 years with option to buy) or for separate purchase at $1.1M. Additionally, a cell tower on the property generates approximately $800/month in lease income, with scheduled increases.