Manufacturer - Speciality Metal Products- in TN
Business Description
The Company manufactures high-quality, niche metal products for applications in several end-market applications, including building products, commercial machinery, commercial automotive, and consumer products. US Military utilization is expected to be a growing market niche for them. With a 40-year history, the Company has developed a superior reputation as the manufacturer of choice for products with specialized requirements and critical delivery schedules. The Company has a rigorous quality program and is certified under both the ISO 9001:2015 and AS9100D standards, allowing them to pursue higher profit margin opportunities. Excess capacity in the current manufacturing program exists, creating an opportunity for a new owner to add scale without significant capital equipment investments. They have utilized this excess capacity in a limited subcontractor role when opportunities are presented. The owner has several times over the decades of operating and owning it, utilized production efficiency engineers to optimize the production, manufacturing and shipping processes for maximum efficiency. Buyer does not have to be a production engineer. Their equipment is well maintained and cared for such that a large capital expenditure is not expected for equipment or upgrades. Much of the staff have worked there for decades and live locally, with several having and capable of strong leadership roles.
Why you should buy this business:
• Profitable for years, as will 2024 be, and multiple years left on a favorable lease
• You do not have to work in the shop - the business is staffed with trained technicians
• The business proved to be recession proof during COVID, and in fact thrived during that period
• Several key customers have relied on the company for decades, with an interdependent relationship
• Equipment is included and in good working order - establishing a De-Novo operation would prove cost prohibitive
• ERP software has been incorporated into the entire operation providing production efficiency, and allowing vendors and customers online interaction
• A network is in place for vendor partners and customers to be introduced to the new buyer
Step into a true turn-key opportunity while not having the risk, time and capital expense of a start-up.
The picture shown in this listing is not of the actual business.
COVID had a positive impact on the business's financial performance. The SDE shown is proforma, but believed to be representative of performance. Additional explanation is provided in the CIM.
Why you should buy this business:
• Profitable for years, as will 2024 be, and multiple years left on a favorable lease
• You do not have to work in the shop - the business is staffed with trained technicians
• The business proved to be recession proof during COVID, and in fact thrived during that period
• Several key customers have relied on the company for decades, with an interdependent relationship
• Equipment is included and in good working order - establishing a De-Novo operation would prove cost prohibitive
• ERP software has been incorporated into the entire operation providing production efficiency, and allowing vendors and customers online interaction
• A network is in place for vendor partners and customers to be introduced to the new buyer
Step into a true turn-key opportunity while not having the risk, time and capital expense of a start-up.
The picture shown in this listing is not of the actual business.
COVID had a positive impact on the business's financial performance. The SDE shown is proforma, but believed to be representative of performance. Additional explanation is provided in the CIM.
About the Business
- Years in Operation
- 62
- Employees
- 7
- Facilities & Assets
- 34,000 sq.ft.of leased space in an industrial park with additional flex space as required.
- Market Outlook / Competition
- There is a high barrier to entry. The Company has limited competition as a result of their machinery, tooling and equipment, which is specialized for their particular niche products. Establishing a facility with their equipment for production would be cost prohibitive. The Company has developed long-term relationships based on a superb reputation for product quality, value-added service offerings and on-time delivery.
- Opportunities for Growth
- • Pursue new markets and channels for existing products and services.
• Recently received US Military approval, which will open new sales channels.
• Enhance the business development effort for existing products and services.
• Expand product line by utilizing excess capacity in the current manufacturing footprint.
• Expand and promote the service line of value-added services.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 34,000
- Rent
- $4,000.00 per month
About the Sale
- Seller Motivation
- Ready to retire after decades of running the business.
- Transition Support
- Seller is committed to providing ample training, customer and vendor introductions, and facilitating an orderly transition to new ownership and will provide support and training for a reasonable period of time.
- Financing Options
- Owner will consider limited seller financing to a qualified buyer.
Listing Info
- ID
- 1850048
- Listing Views
- 8867
Listing ID: 1850048 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.