Profitable and Established Radiator Component Manufacturer

Cook County, IL

Seller Financing Available

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Asking Price:$2,400,000
Gross Revenue:$1,929,736
FF&E:$437,043
Cash Flow:$522,209
Inventory:$110,092
Established Year:1989
BUSINESS DESCRIPTION

High Margin Stable Manufacturing Company

American-made manufacturer & supplier of radiator components such as filler necks, hose connections and tubing. Utilizing materials such as brass, copper, steel, stainless steel and aluminum, the company excels in advanced manufacturing techniques including precision stamping and bending of metals to high-quality, customizable solutions. Expertise in creating or modifying designs to meet specific customer requirements. Company has excellent well trained staff and GM. Please note: an engineering background and manufacturing experience is a prerequisite potential buyers and ideal buyer may be a synergystic or strategic buyer in manufacturing that can leverage existing strengths, broaden customer base to help mitigate the companies current customer concentration of about 30%. The company has the the capacity in terms of plant, equipment and personnel to handle substantial growth. This is a niche industry, and modest imporovements in marketing can create significant opportunities to add new business.


DETAILED INFORMATION
Location
Cook County, IL
Inventory
Included in asking price
Employees
10
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
20000 SF Warehouse in mutl unit industrial building. Facilities include common manufacturing equipment such as 1-50 ton machines, lathes, drill presses, kenco's and more.
Financing
10 % Seller Note as typical with SBA Financing packages. Requires at least 20% Buyer
Support & Training
As required by the transaction
Reason for Selling
Retirement
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Karl
Grasemann
The Grasemann Group, Ltd.
Karl Grasemann