71010 - Design & Manufacture: Automotive Electronic Fixtures

IN

Seller Financing Available
71010 - Design & Manufacture: Automotive Electronic Fixtures

Asking Price:$2,300,000

Cash Flow:$225,000

Gross Revenue:$1,000,000

EBITDA:N/A

FF&E:$345,000

Inventory:N/A

Real Estate:$300,000

Established:1950

71010 - Design & Manufacture: Automotive Electronic Fixtures

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Business Description

This business, located in central Indiana, designs and manufactures fixtures for the automotive electronics industry. They specialize in producing functional test, assembly, and pack fixtures as well as traditional job shop projects and short run production. With years of experience and extensive knowledge of the industry, their trained technicians can skillfully handle any job. Using AUTOCAD and AutoDesk, they are able to plan and design solutions for customer’s tooling and machining needs. Whatever the customer has in mind, they can design and develop. They use the latest advancements in technology to design and manufacture only the highest quality products. Over their many decades in business, they have earned an excellent reputation for their professional, dependable service.

This fixture manufacturing company has been in business since the 1950’s with the current ownership starting in 1998. After years of hard work and dedication to building this business, the current owner has decided to retire and let a new owner take this business to the next level. This Indiana based business is a great opportunity to take a business that is already successful and build on that foundation to secure your future. This company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. Out of their total revenue, 70% comes from fixturing, 25% from design, and 5% from machining. This company offers a new owner a successful business with stable revenues. For more information on this listing, contact us today. Equipment and inventory included in the sale, more details available upon inquiry.

Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is located on 1 acre with 8,160 sq ft of building space. This includes a 7,485 sq ft shop and work area as well as a 675 sq ft office and storage area. There is also room for expansion. This location is included with the sale.
Competition:
95% repeat clientele. Customers choose this business because of their excellent products and great reputation. Their knowledgeable and skilled technicians have extensive experience and expertise in the industry, giving them an edge over the competition. Throughout their many years in business, this company has built an excellent reputation as well as many loyal customers.
Growth & Expansion:
There are many effortless growth opportunities for this business. An assertive new owner might consider hiring additional technicians. Another opportunity comes from stronger sales efforts such as outside sales and stronger marketing efforts with a sales team. A more aggressive new owner might consider running up to three shifts or doubling or tripling the current staff team as the operations are not at full capacity.
Financing:
Negotiable up to: 20.00 %.
Support & Training:
Key employees will most likely stay after transition. The owner is available for a reasonable transitioning period.
Reason for Selling:
Approaching retirement.

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