Manufacturer - Speciality Metal Products- in TN
| Asking Price: | $480,000 |
| Gross Revenue: | $1,650,000 |
| Rent: | $4,000/Month |
| Established Year: | 1963 |
| Cash Flow: | $254,489 |
| Inventory: | $230,000 |
| FF&E: | $350,000 |
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.
