Niche Manufacturing of Sidewalk Curbing Machines

Seller Financing Available

This small manufacturing company produces custom
machinery for small slipform pavers which are used for curbs
and gutters, channels, sidewalks, and small barriers. Perfect
for a first-time business owner as it has been established
since 1990, and serves a nationwide client base - primarily
selling to general contractors and direct to cities and
municipalities. The company is located north of Charlotte,
North Carolina. This business employs a small team of three
employees including a shop technician and 2 welders. They
work in a 7,500 sq. ft. manufacturing shop where the owner
provides quality control of finished products. The owner is
selling the business as he approaches his 70s. The seller has
offered to provide training to the buyer for a period of six
months to one year depending on their capabilities and in
order to sweeten the deal, they have offered to carry 10-20%
of the purchase price. There are several growth opportunities
available for the new owner to explore. These include
increasing production by creating a marketing strategy to
increase brand awareness and attract new clients. Due to his
age, there is little time spent on marketing or business
development/ sales.
Priced at $620,000, with a very low multiple of less than 3!
This business is ready for a new owner. A 10% down
payment of $62,000 returns $108,170 in the first year after
debt payments!