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Michigan

  • Listing Number: 217-21486

    Category: Manufacturing

Asking Price $3,900,000
Gross Revenue $6,000,000
Total Adjusted Net Income $1,200,000
Equipment / Fixtures $1,276,000
Year Established 2000
General Location Michigan
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This company excels at assembling, joining and strengthening metal components for its customers. It has been serving a diverse number of industries since 2000. Over the past 7 years, it has strengthened its internal operations with a move and expansion from 2015 to 2018. It runs 6 belt furnaces seven days a week, 3 shifts on weekdays and 2 shifts on weekends. It has weathered competitive pricing and COVID to come out a stronger more resilient company. In recent years, it has endured difficult market conditions caused by COVID while two key competitors have exited the brazing business. This is an industry where technical process knowledge and expertise in equipment maintenance and operations is in short supply while demand is strong. The company has a small fleet of trucks to deliver parts to key customers in 24-48 hours. The company is ISO certified and its commitment to quality, reliability and consistency make it an emerging leader in the field in the Midwest region. It has been able to increase its customer base and increase prices, and is focused on continued growth through additional furnace capacity at its current facility. The two owners have positioned the company well for an exit and will continue to grow it. One owner is interested in remaining with the new company and the other owner is available for a smooth transition over several months.

The business operates in a 32,000 sf facility on 2.8 acres. The real estate is owned by the majority owner of the company. The real estate is not included in the price of the business, but is available for lease or purchase with a list price of $2,800,000.




Gross Revenue
$6,000,000
Listed Price
$3,900,000
Total Income
$1,200,000
Square Feet
32000
Total Rent
$15,000
Inventory
Not Included
Equipment / Fixtures
$1,276,000
Full-Time Employees
80
Reason for Selling
Partner exit plan

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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