Active
3 Days on market
163 Washngton St Worcester — Photo 1 of 2

163 Washngton St Worcester — Photo 1 of 2

$400,000

163 Washngton St, Worcester, MA 01610

Worcester, MA 01610

Investor Analysis

Beds

--

Baths

--

SqFt

--

Style

Other

Built

1978

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.

Property Details

Financials

Original Price$400,000
Annual Taxes--

Parking

Garage0
Off-Street0

Interior Specifications

Total Rooms--
FireplacesNone
Flooring--
BasementNone

Climate & Utilities

Heating--
Cooling--
Water--
Sewer--

Building & Exterior

Construction--
Roof--
Foundation--
ZoningBG-3

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Geography

Population

30,444

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$51K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

80.8%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Worcester County

1,805 housing units permitted in the last 12 months (+1% vs the prior 12 months) — 1,007 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

Listing Provided By

Listing Agent: Karen Milhem

Listing Office: Media Realty Group Inc.

MLS® Number: 73581173

Browse More Homes in Worcester

Explore other active listings in the area.