Maintenance, Repair, Overhaul (MRO) Company
Location: New Jersey > Essex County
Industry: Manufacturing > Industrial Machinery Manufacturing
Financials
Asking Price: $900,000
Gross Revenue: $2,050,000
Cash Flow: $243,000
Inventory: $184,820 (Not Included in Asking Price)
FF&E: $700,000 (Included in Asking Price)
Business Summary
The Company is a maintenance, repair, and overhaul (MRO) facility, and performs on-site field machining and repairs for customers. The Company is located in NJ and has a long and solid history. The Company serves power plants, bridges, steel mills and other heavy industrial buildings and facilities, primarily in the New York, New Jersey and Philadelphia metropolitan areas. Significant growth opportunity exists given the aging infrastructure of the region. By point of fact, New Jersey just announced a $4 billion initiative to repair the State's bridges. The Company also has several areas of untapped potential growth such as large commercial properties in the region as well as chemical and marine (ship repair) industries.
About the Business
Year Established: 1946
Employees: 15 full time -
Facilities: The Company has a well-equipped maintenance, repair and overhaul (MRO) facility, properly suited for its business. Facilities include machining capabilities, welding booths, storage, and office space.
Market Outlook and Competition: Significant expansion opportunity. The Company caters to infrastructure - power plants, bridges, industrial buildings, steel mills - all of which are aging and in need to continuous repair. The Company also has several areas of untapped potential growth such as large commercial properties in the region as well as chemical and marine (ship repair) industries.
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