71359B -Specialty Manufacturer of Mining Ventilation Equipment

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Asking Price:
$599,000

Gross Revenue:
$632,000
Cash Flow:
$238,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
$300,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

35%+ Profit Margins! The company specializes in manufacturing, rebuilding and servicing mining equipment including metal vaults, man doors, and accessories installed in coal mines. Revenue Breakdown by Market: Coal mining: 95% & Local machine shops: 5%. With inventory stocked per project, the company operates from a 6,000-square foot facility, which is valued around $200,000 and owned with an option to lease or purchase. Offering these services requires a facility equipped with state-of-the-art equipment, storage space for materials and personnel to operate the machines. The company has a proven track record, supported by its longstanding reputation it maintains with its customers in the coal mining industry. With its niche range of products and services, the Company’s marketing efforts focus on targeting coal mine operations within the Southern West Virginia area. Revenues have been consistent over the past two years; however, sales are rebounding for the current year due to the deregulation within the industry. Last year, the Company’s total revenue was $632,317 with an SDE of $238,000. With a large customer base and solid reputation, the Company continues to attract new customers while maintaining its reputation with existing ones.

About the Business

Location:
West Virginia
Year Established:
1996
Number of Employees:
7
Real Estate:
Owned
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About the Sale

Reason For Selling:
Approaching retirement.
Training/Support:
The owners are available for a reasonable transition period.
Seller Financing:
Negotiable for the right buyer

Listing Info

ID:
1443641
Ad Detail Views:
979

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$
months
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U.S. Census Data for West Virginia
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for West Virginia
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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