(SOLD) Midwest Tool Engineering Company!!!
(ID: 1078603)
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$5,500,000
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$7,880,273
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$1,800,000
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$599,000
**
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$1,000,000
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$1,000,000
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Business Description
Headquartered in Southeast Michigan United States, this industry tool engineering company is a leading producer of diversified products, which include the design and build of precision details, work holding fixtures, gages, pallets, and special machines. The enterprise is one the most respected names in the machine tool support industry. Company has developed strong working relationships with all of its customers big and small, including but not limited to major automotive manufacturers such as General Motors, Ford and Visteon, as well as with key industry heavy weights like Thyssen Krupp and Comau just to mention a few. Below is a chronology of company milestones.
About the Business
Year Established:
1943
Number of Employees:
65
Facilities:
Included in the offering is a 28,500sq. ft. Headquarter/Plant and another 9,000 sq. ft secondary plant, FF&E and RV parking lot that generates an extra $75K in revenue a year, WOW!. Company yearend is September 30th, these are actual numbers.
Market Outlook/Competition:
Major competitors fizzled out during the auto industy crisis and this company enjoyed the benefit of other's bankruptcy. This is an ongoing momentum. Owners believe that the company s business model could easily result in greater growth over the next decade as vehicle manufacturing continues to grow around the globe.
About the Sale
Reason For Selling:
Semi Retirement
Seller Financing:
Very Limited Financing
