30-Year-Old Manufacturing Company with Real Estate

Norton Shores, MI (Muskegon County)

30-Year-Old Manufacturing Company with Real Estate

Asking Price:$1,950,000

Cash Flow:N/A

Gross Revenue:$1,600,000

EBITDA:N/A

FF&E:$539,000

Inventory:$50,000

Real Estate:N/A

Established:1988

30-Year-Old Manufacturing Company with Real Estate

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Business Description

Highly confidential sale. The company specializes in a niche, recurring industrial service for large companies in one of the area's largest industries. A new owner could make significant improvements in sales and marketing, therefore increasing the revenue and profitability. The real estate is owned and a purchase or long-term lease can be negotiated. Gross margins have averaged 36-40% during the previous three years. The processes are streamlined and the owner spends little time managing the operations. There is a large investment in fixed assets, which creates a high barrier to entry to any potential future competitors. Customer relationships are also strong and prevent competitors from having an effect. The owner is highly motivated, prepared to sell and is looking forward to his retirement. He has been operating this business for two and a half decades and would like to see a new buyer succeed and he is willing to be heavily involved in the transition period. No direct industry experience is necessary to operate the business.

The real estate may be separated and available for a short term lease.

THE OWNER HAS INVESTED IN SYSTEMIZING AND PROFESSIONALIZING THE BUSINESS MODEL AND HAS INVESTED HEAVILY IN THE INFRASTRUCTURE OF THE BUSINESS, INCLUDING KEY PERSONNEL, AND DOCUMENTING OPERATIONS. THE COMPANY IS ONE OF THE FEW IN THE INDUSTRY THAT IS ISO CERTIFIED.

This is an established business, this is NOT a new franchise or start-up opportunity.

***Please look for an email titled "Morgan & Westfield – 30-Year-Old Manufacturing Company with Real Estate” after contacting us. You can access more information on this business after e-signing our Confidentiality Agreement. ***

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
12FTE; 4PTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Yes

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Arthur Williams

Business Listed By:
Arthur Williams

Morgan & Westfield

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