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SE Michigan

  • Listing No.: 217-20619

  • Category: Manufacturing

Asking Price $425,000
Down Payment
Gross Revenue $910,000
Total Adjusted Net Income $243,000
Equipment / Fixtures $50,000
Year Established 1994
General Location SE Michigan
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This second generation high volume sawing business has consistently served a major auto supplier with steel materials for over 30 years. The materials are ordered every 2 weeks on an open purchase order that has been in place for twenty years. The company is paid regularly and has consistently received perfect scorecards. The company meets annual ISO 9000 certification as required in the auto industry. The work is physical labor that does not require specialized skills. Past employees have included minimum wage workers. If you are looking for consistency and simplicity in a business, there are not going to be many businesses that fit the bill as well as this one. Furthermore, the sale includes equipment that is not fully utilized since the owners turn down jobs from those other than this major auto supplier.The business is in a 5,950 square feet facility that is also owned by Seller of the business. The building is for sale for $75,000 not included in the list price, or it can be leased for $1500/month. Seller is active in the business with 1 PT employee. Hours of operation are flexible, Monday - Friday. $10,000 in Inventory and $50,000 in FF&E included in Asking Price.

Gross Revenue $910,000 Listed Price $425,000
Total Income $243,000 Down Payment
Base Rent $1,200 Square Feet 5950
Total Rent $1,500 Lease Expiration
Rent Deposit $1,500 Lease Options 1
Inventory $10,000 Leasehold Improvements $0
Equipment / Fixtures $50,000 Other Assets
Full-Time Employees Training Period 2 Weeks
Part-Time Employees 1 Special License Required ISO 9000 Certification
Contract Staff Reason for Selling Retirement & relocation

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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