Scott Armstrong

Indiana Equity Brokers

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indianaequitybrokers.com


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Indianapolis, Indiana

Affiliated Broker
Troy Frank

About the Company

People: Our brokers are attorneys, CPAs, engineers, sales executives and they have all owned and sold their own businesses. We possess the experience and knowledge base to guide you through the complicated process of maximizing the value from selling your business.

Marketing: No other firm markets the way we do. Our marketing process creates a demand for your company not found with other firms. Our research proactively identifies every possible buyer for your company. We don’t simply post a listing on our website and hope buyers find it. From our large database of buyers, strategic marketing plans, social media, seller videos, networking, old fashioned ‘getting on the phone and calling people’, we cast the widest net possible to find the right buyer.

Confidentiality: We maintain the strictest confidentiality when selling your business. All buyers are required to sign non-compete and confidentiality agreements. You are in control of who sees what information on your company. See more details on maintaining confidentiality…

Results: Since 1996, the professionals at Indiana Equity Brokers have sold hundreds of companies spanning practically every industry. Our award winning brokers have been recognized as some of the highest volume producing business brokers in the country. See what our past clients have to say about us…

Broker Biography

Areas Served

  • Marion County, IN
  • Business For Sale Listings

    $2,495,000
    Cash Flow: $418,402 
    Jefferson Co., IN 
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    Southeast Indiana Equipment Rental Business For Sale

    Well-established equipment rental company serving both residential and commercial contractors with a comprehensive fleet of high-quality light construction and industrial equipment. The company has built a strong reputation for reliability, exceptional customer service, and equipment availability, positioning itself as a trusted partner for contractors who depend on dependable equipment to keep projects on schedule and within budget. The business specializes in matching customers with the right equipment for each application, leveraging industry expertise and a customer-focused approach to deliver tailored rental solutions. This commitment to service has resulted in an impressive customer retention rate of approximately 95%, supported by numerous recurring monthly rental contracts and long-standing customer relationships. Real Estate (almost 9 acres) 

    $575,000
    Cash Flow: $220,804 
    Hendricks Co., IN 
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    Longstanding & Profitable Distribution Business Available

    Very well-established and respected family owned business that has been serving its market since 2007. Founded by its current owner, the company was built upon extensive industry experience and a commitment to providing exceptional customer service, quality workmanship, and long-term client relationships. Over nearly two decades of operation, this distribution business has developed a strong reputation for reliability, professionalism, and industry expertise. The company has demonstrated consistent growth since its inception, expanding from a one-person operation generating approximately $12,000 in monthly revenue to a mature business supported by a team of seven contributors, including an independent sales representative. Today, this business generates an average monthly revenue of approximately $80,000, with peak months exceeding $130,000. The company has maintained strong momentum, producing approximately $515,000 in 

    $460,000
    Cash Flow: $173,414 
    Bartholomew Co., IN 
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    Distributor of Industrial & Safety Products Available -Absentee Owner!

    100% TURN-KEY DISTRIBUTION BUSINESS AVAILABLE: Here is your chance to own a Southern IN distributor of industrial and safety products serving construction, manufacturing, municipal, and industrial customers throughout the state. They provide a comprehensive range of personal protective equipment (PPE), safety supplies, industrial products, tools, abrasives, facility maintenance items, and jobsite essentials that help their customers operate safely, efficiently, and productively. Their focus is on delivering quality products, responsive service, and practical solutions that support workplace safety, regulatory compliance, and day-to-day operations. Through strong supplier/vendor partnerships and an efficient distribution model, they help customers reduce downtime, control costs, and ensure their teams have the equipment they need to get the job done.Their proven sales and service process allows them to operate efficiently 

    $270,000
    Cash Flow: $142,330 
    Porter Co., IN 
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    Established & Profitable NW Indiana Bridal Boutique Available!

    Great Opportunity in recession resistant industry -- established bridal boutique available that specializes in all things for the bride - wedding dresses, accessories, veils, jewelry and alterations for brides. They have earned an esteemed reputation in the industry in the area as one of the best bridal boutiques in NW Indiana for service, bridal experience and selection. Very strong brand equity in their market and most new business is driven by referrals. This business is currently owner operated - huge growth potential with the addition of staff / employees. Current asking price of $270,000 is for the business only -- the seller is open to leasing the current space back to buyer, or selling the real estate to buyer. The financials noted in this listing are an average of 2024 and 2025 performance. Pleaes fill out contact info and submit to learn more, thank you. 

    $1,250,000
    Cash Flow: $467,065 
    DuPage Co., IL 
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    Multi Unit Crumbl Locations Available In Booming Chicago Suburbs!

    Rare opportunity to acquire a multi unit Crumbl portfolio in the Chicagoland market. The businesses are well established and operate in high growth areas. Perfect locations -- total/aggregate traffic count is over 70,000 vehicles per day according to IDOT. The locations operate with trained teams and full staff. The businesses generated a combined average gross revenue of approximately $2.1MM annually based on 2023–2025 performance. Average seller discretionary earnings (SDE) the past three years has been $467,065. Financial records are clean and well maintained providing verifiable reporting for prospective buyers and lenders. Modern Crumbl build-outs with high-quality equipment and remaining useful life, all equipment was purchased new and has been well maintained, and will convey to buyer in good condition. Crumbl’s innovative weekly rotating cookie menu drives strong customer engagement and repeat traffic, supported 

    $195,000
    Cash Flow: $123,082 
    Marion Co., IN 
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    Longstanding Beer and Winemaking Supply Company Available!

    Great opportunity to own an established and profitable beer and winemaking supply business generating an average of $1.8MM annually in revenue. Approximately $150K of inventory will convey to Buyer. This company enjoys multiple sources of revenue including two ecommerce online sites, a retail storefront, a service business unit, and sales through Amazon. The company differentiates itself through their deep connections within the industry, superb customer service, close supplier relationships, and offers a wide spectrum of products and services to beer and winemaking enthusiasts. Plenty of growth opportunities exist through expansion of Amazon sales efforts and expansion of their service business unit. Large opportunity to increase exposure and sales through social media that current owner has not done. Core product categories that drive the bulk of revenue for this company are homebrewing supplies, winemaking supplies, 

    $1,995,000
    Cash Flow: $346,861 
    Indianapolis, IN 
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    Iconic Indy Restaurant & Pub Available!

    One of Indy's most popular and long standing restaurant/pubs is available. The offering includes the real estate that was recently appraised during a refinance for $1.9MM (appraisal report can be supplied upon request). This business has been serving happy customers for over 40 years and is located in a prime location with almost 7,000 vehicles a day passing the site according to INDOT's latest traffic count report --- and that is in addition to all the foot traffic! Tremendous brand recognition throughout Central IN....if you have lived in Indy more than a few years, chances are you have visited this location. The sellers have done a fabulous job of cultivating an environment of good food, good drink, and lots of fun for all their patrons. Many weekly regulars as the business is located in walking distance for thousands of surrounding homeowners. This 

    Jason Swathwood Serving Hamilton County, IN

    You decided to sell your business and to hire a business broker to assist. How to select the right business broker? There are so many. The truth is your success depends on the skills and dedication of the particular business broker you choose. It doesn't really matter how big the office is. You have to establish rapport, and feel comfortable working with the person you choose. One very important piece of advice - don't hire a real estate agent who occasionally sells businesses. The very first question to ask - is if the broker buys and sells businesses full time? Hire only professional business brokers who buy and sell businesses full time. Another important piece of advice - don't make the amount of commissions the deciding factor in hiring a broker. Business brokers generally charge between 8 and 12 percent commission for businesses priced under $1 million, and you definitely don't want to get the cheapest one. Anyone charging less is likely not a professional. Another red flag is when a broker is asking for any money upfront - no, no, and no! Ask the potential broker to describe the step-by-step activities that he will be performing for you. Make sure that you understand everything, ask questions. At Indiana Equity Brokers we start with helping you to determine the purchase price for your business. This business valuation is generally done free of charge if you're signing a listing agreement. Make sure to confirm that your business will be advertised very discretely and that every potential buyer will be asked to sign a confidentiality agreement prior to obtaining any information about your business. And finally, be as open with your broker as possible. It just doesn't make sense to hide anything from him. You are on the same side. I always tell my clients to be as honest and open about their business affairs as possible. If your broker knows the truth he can package and present the opportunity to buyers in such way that is appealing to them. Jason Swathwood's business career spans almost two decades, during which he built, acquired and sold several successful businesses in the advertising, publishing and trade & consumer show industries as well as several franchise businesses. From these experiences, he has gained an intimate insight into the issues faced by entrepreneurs seeking to buy or sell businesses. Jason began his career as a corporate attorney for a national mortgage banking company where he managed a real estate portfolio with an annual budget over $9 million. He also worked on several business unit acquisitions and dispositions and advised senior executives on buying and selling decisions and business valuations. Jason currently owns or co-owns several small businesses in the greater Indianapolis area. He has a bachelor's degree and a JD from Indiana University. Jason adheres to high standards of professionalism, honesty, and integrity while utilizing creativity and out-of-the-box solutions, along with proven Indiana Equity Brokers systems, to guide buyers and sellers through each step of the buying and selling process.

    Scott Lands Serving Marion County, IN

    I have nearly 30 years experience in sales and marketing, both in corporate America and as a business owner. As a corporate VP of Sales & Marketing for a global manufacturer, I grew business revenue significantly by being the leading salesperson, then building a sales team, creating structure and processes, and then managing that team to maintain and grow revenue even more. As a business owner, I did more marketing, product analysis, product development, purchasing, scheduling, operations, and HR. I have experience in cleaning up financial statements, presenting businesses for sale, analyzing business for acquisition and capital investment, marketing plans and materials, sales strategies and execution. I have an Electrical Engineering degree from Rose-Hulman Institute of Technology and hold one product utility patent. I am located in Indiana, but work with businesses nationwide.

    Todd Dorsey Serving Hamilton County, IN

    Todd Dorsey is a resident of Indianapolis and brings 30+ years of sales, business development, operations, and accounting experience to Indiana Equity Brokers. Todd holds a bachelor’s degree in accounting from Indiana University and began his career in public accounting at KPMG, focusing on auditing for medium to Fortune 500 companies. Transitioning into sales and leadership roles, Todd has worked across various sectors, including professional services, manufacturing, and software/hardware platforms. He is a strategically focused, results-driven leader known for fostering organizational growth through strong client relationships and excellent communication skills. With extensive experience managing complex sales cycles in fast-paced environments, he excels at detailed planning and teamwork. Todd’s analytical approach, combined with his work ethic and meticulous attention to detail, ensures that client expectations are met and successful outcomes are achieved for both buyers and sellers.

    Bill VanValer Serving Marion County, IN

    Scott Armstrong Serving Marion County, IN

    Drew Allen Serving Hamilton County, IN

    Roger Oberweiser Serving Boone County, IN

    My corporate business career encompasses more than 15 years of experience with leading companies within the transportation, power transmission, electronics and packaging market spaces. Having held numerous management positions, I have been responsible for marketing, corporate development and general management, and at one point was the owner of a $150 million P&L. I have helped complete several corporate acquisitions ranging in size from $6 million to $75 million, as well as an international joint venture. I am also is the co-owner of a startup e-commerce electronic components company. Prior to joining the business world, I served 7 years as an US Navy officer, and served on board a nuclear powered submarine. I have a BS in Civil Engineering from Ohio State and an MBA with emphasis in Finance and IT from Georgia State University in Atlanta, GA.

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