Successful Niche Manufacturer, w/Real Estate Available
| Asking Price: | $3,200,000 | Inventory: | |
| Gross Revenue: | $4,500,000 | Real Estate: | $900,000 ** |
| Cash Flow: | $900,000 | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
This seven year old, successful niche manufacturer has consistently recorded sales exceeding $4.0 million while boasting an annual SDE (seller’s discretionary earnings) exceeding $400,000. For the first half of 2009, annualized revenues surpassed $4.5 million with a very impressive $900,000 annualized SDE.
Operating out of a newer, attractive 20,000 square foot manufacturing facility which sits on an eight acre site in an industrial park in southern Michigan, this company has already earned an ISO 9000 designation.
The core business is designing and building returnable shipping containers for the auto industry. With specialties in metal fabricating and robotic welding, this business boasts over 25 customers. The business has either tier one or tier two status with all Big Three auto companies as well as some of the new domestics.
The company has over 40 skilled and experienced employees including engineers and successful direct sales people, all of whom look forward to continued growth with a new owner. The business has always taken a “low key” approach to sales and as such has never even had a website.
The business, which comes with $500,000 of equipment and $500,000 of inventory, is being offered at $3.2 million. Meaningful seller paper is available to qualified buyers. In addition, the real estate, also owned by the seller, is available separately for $900,000.
Operating out of a newer, attractive 20,000 square foot manufacturing facility which sits on an eight acre site in an industrial park in southern Michigan, this company has already earned an ISO 9000 designation.
The core business is designing and building returnable shipping containers for the auto industry. With specialties in metal fabricating and robotic welding, this business boasts over 25 customers. The business has either tier one or tier two status with all Big Three auto companies as well as some of the new domestics.
The company has over 40 skilled and experienced employees including engineers and successful direct sales people, all of whom look forward to continued growth with a new owner. The business has always taken a “low key” approach to sales and as such has never even had a website.
The business, which comes with $500,000 of equipment and $500,000 of inventory, is being offered at $3.2 million. Meaningful seller paper is available to qualified buyers. In addition, the real estate, also owned by the seller, is available separately for $900,000.
About the Business
Year Established:2002
Employees:40 full time -
Facilities:20,000 sq. ft. building; available for lease or purchase
About the Sale
Management Training and Support:Seller will provide training
Reason For Selling:Pursue Other Interests
Seller Financing:Seller will consider some financing
KEYWORDS: manufacture, manufacturing, metal, component, fabricate, fabrication, service, real estate
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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