117-Year Industrial Heating - 47% GM, Established Customer Base
Business Description
117-YEAR INDUSTRIAL HEATING EQUIPMENT BRAND - TURNKEY ASSET SALE
Rare opportunity to acquire proven industrial heating equipment product lines from Waage Electric Company (Est. 1908). Complete asset package includes designs, tooling, customer base, and respected brand for specialized soft metal melting equipment.
PRODUCT LINES FOR SALE:
Complete manufacturing capability serving foundries, metal casting, electronics assembly, and industrial maintenance:
* Babbitt melting pots (cast iron, 40-500 lb, up to 1000°F)
* Solder pots (round/rectangular, lead-free coated options available)
* Lead melting pots and accessories
* Hot plates and industrial stoves (aluminum alloy)
* Dip coating tanks for wax, plastics, heat-sensitive compounds
* Agitated dispensing tanks (1-50 gallon)
* Electric heating elements and replacement parts
COMPLETE ASSET PACKAGE:
* Product designs, specifications, engineering drawings
* Manufacturing tooling, patterns, fixtures ($100K+ replacement cost)
* Dedicated production equipment
* Waage Electric brand rights for these product lines
* Established customer relationships nationwide
* Supplier network and sourcing information
* Website, product catalog, technical documentation
* Production processes and quality procedures
FINANCIAL PERFORMANCE:
* 2024: $430K revenue, 46% gross margin
* 2025 Forecast: $520K revenue, 47% gross margin
* Growth: 21% year-over-year
* 600+ units sold annually
* Recurring revenue from repeat customers and parts
* Healthy margins from specialized niche positioning
COMPETITIVE ADVANTAGES:
* 117-year heritage and brand recognition
* "Don't assume it can't be done without contacting Waage first!" reputation for solving complex heating challenges
* Custom engineering capabilities
* Made in USA quality
* Complete product line small to large industrial scale
* Fragmented market with few direct competitors
* Essential equipment for specific processes with stable demand
MARKET & CUSTOMERS:
Industrial heating equipment market growing 5-7% annually ($41.5B to $72.4B by 2032), driven by manufacturing reshoring, environmental regulations, and automation.
Customer base includes foundries, electronics manufacturers, bearing producers, HVAC contractors, maintenance facilities, and manufacturing plants nationwide. Long-term relationships (many 10+ years) with recurring purchase patterns.
GROWTH OPPORTUNITIES:
* Geographic Expansion: Sales concentrated Northeast, significant opportunity in Midwest/Southeast manufacturing regions and international markets
* Digital: Upgrade to full e-commerce, implement SEO/digital marketing targeting industrial buyers
* Product Development: IoT monitoring capabilities, expanded lead-free solutions, energy-efficient upgrades
* Distribution: Partner with industrial suppliers (Grainger, MSC, Fastenal)
* Services: Maintenance programs, technical support contracts, rental/lease options
IDEAL BUYER:
* Industrial equipment manufacturers expanding product lines
* Complementary heating equipment companies
* Strategic buyers with existing manufacturing infrastructure
* Private equity seeking stable manufacturing platform
* Entrepreneurs with industrial/manufacturing experience
WHY THIS WORKS:
Turnkey acquisition with immediate revenue. Buyer gets established brand (117 years), proven products, loyal customers, complete manufacturing capability. No real estate complexity. Market fundamentals strong - products essential to industrial operations.
TRANSACTION:
* Asset purchase structure (no liabilities)
* $350,000 to $500,000 asking price
* Inventory negotiated separately
* Seller transition support available
* Flexible closing timeline
Unique opportunity to acquire American industrial legacy with established revenue, proven products, and strong brand reputation. Serious inquiries only. NDA required for detailed financials.
Rare opportunity to acquire proven industrial heating equipment product lines from Waage Electric Company (Est. 1908). Complete asset package includes designs, tooling, customer base, and respected brand for specialized soft metal melting equipment.
PRODUCT LINES FOR SALE:
Complete manufacturing capability serving foundries, metal casting, electronics assembly, and industrial maintenance:
* Babbitt melting pots (cast iron, 40-500 lb, up to 1000°F)
* Solder pots (round/rectangular, lead-free coated options available)
* Lead melting pots and accessories
* Hot plates and industrial stoves (aluminum alloy)
* Dip coating tanks for wax, plastics, heat-sensitive compounds
* Agitated dispensing tanks (1-50 gallon)
* Electric heating elements and replacement parts
COMPLETE ASSET PACKAGE:
* Product designs, specifications, engineering drawings
* Manufacturing tooling, patterns, fixtures ($100K+ replacement cost)
* Dedicated production equipment
* Waage Electric brand rights for these product lines
* Established customer relationships nationwide
* Supplier network and sourcing information
* Website, product catalog, technical documentation
* Production processes and quality procedures
FINANCIAL PERFORMANCE:
* 2024: $430K revenue, 46% gross margin
* 2025 Forecast: $520K revenue, 47% gross margin
* Growth: 21% year-over-year
* 600+ units sold annually
* Recurring revenue from repeat customers and parts
* Healthy margins from specialized niche positioning
COMPETITIVE ADVANTAGES:
* 117-year heritage and brand recognition
* "Don't assume it can't be done without contacting Waage first!" reputation for solving complex heating challenges
* Custom engineering capabilities
* Made in USA quality
* Complete product line small to large industrial scale
* Fragmented market with few direct competitors
* Essential equipment for specific processes with stable demand
MARKET & CUSTOMERS:
Industrial heating equipment market growing 5-7% annually ($41.5B to $72.4B by 2032), driven by manufacturing reshoring, environmental regulations, and automation.
Customer base includes foundries, electronics manufacturers, bearing producers, HVAC contractors, maintenance facilities, and manufacturing plants nationwide. Long-term relationships (many 10+ years) with recurring purchase patterns.
GROWTH OPPORTUNITIES:
* Geographic Expansion: Sales concentrated Northeast, significant opportunity in Midwest/Southeast manufacturing regions and international markets
* Digital: Upgrade to full e-commerce, implement SEO/digital marketing targeting industrial buyers
* Product Development: IoT monitoring capabilities, expanded lead-free solutions, energy-efficient upgrades
* Distribution: Partner with industrial suppliers (Grainger, MSC, Fastenal)
* Services: Maintenance programs, technical support contracts, rental/lease options
IDEAL BUYER:
* Industrial equipment manufacturers expanding product lines
* Complementary heating equipment companies
* Strategic buyers with existing manufacturing infrastructure
* Private equity seeking stable manufacturing platform
* Entrepreneurs with industrial/manufacturing experience
WHY THIS WORKS:
Turnkey acquisition with immediate revenue. Buyer gets established brand (117 years), proven products, loyal customers, complete manufacturing capability. No real estate complexity. Market fundamentals strong - products essential to industrial operations.
TRANSACTION:
* Asset purchase structure (no liabilities)
* $350,000 to $500,000 asking price
* Inventory negotiated separately
* Seller transition support available
* Flexible closing timeline
Unique opportunity to acquire American industrial legacy with established revenue, proven products, and strong brand reputation. Serious inquiries only. NDA required for detailed financials.
About the Business
- Years in Operation
- 118
- Employees
- 2 (2 Full-time)
- Currently Relocatable
- Yes
- Facilities & Assets
- • Waage Electric brand name and trademarks (Est. 1908)
• Casting patterns and tooling (replacement cost ~$100,000)
• Complete product designs and specifications
• Customer list and historical order data
• Transition support and manufacturing knowledge transfer
• Inventory (to be negotiated separately based on levels at close) - Website
- https://waage.com/
- Market Outlook / Competition
- Industrial heating equipment market valued at $41.5B (2022), growing to $72.4B by 2032. Waage operates in specialized niche for soft metal melting equipment serving foundries, metal casting, electronics assembly. Few direct competitors: Wenesco, Rite-Hete, Charles A. Hones. Competitive advantages: 117-year brand recognition, established customer base, custom engineering capabilities, complete product line, Made in USA. Market drivers: manufacturing reshoring, environmental regulations, lead-free solder adoption, energy efficiency mandates.
- Opportunities for Growth
- Multiple expansion opportunities: (1) Geographic expansion beyond Northeast to Midwest/Southeast and international markets, (2) Product development: IoT integration, lead-free solutions, energy-efficient upgrades, (3) Digital transformation: e-commerce platform, SEO/digital marketing, (4) Distribution partnerships with MSC, Grainger, Fastenal, (5) Service revenue: maintenance contracts, rental programs. Market growing 5-7% annually. Immediate opportunity: leverage 117-year reputation for geographic expansion with minimal marketing investment.
About the Sale
- Seller Motivation
- Owner focusing on other business ventures and seeking qualified buyer to continu
- Transition Support
- Seller will provide comprehensive transition support including product specifications, manufacturing processes, supplier relationships, and customer contacts. Available for consultation during transition period to ensure smooth handoff of operations and technical knowledge.
- Financing Options
- None.
Listing Info
- ID
- 2452385
- Listing Views
- 20
Attached DocumentsAttachment Disclaimer
Waage Electric - Product Line Overview.docx
Business Location
Listing ID: 2452385 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. See our full Terms of Use. Learn how to avoid scams.
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