Contract Manufacturing Shop for Sale

Worcester County, MA

Seller Financing Available
Contract Manufacturing Shop for Sale

Asking Price:$325,000

Cash Flow:$269,522

Gross Revenue:$1,264,007

EBITDA:$298,761

FF&E:$477,000

Inventory:N/A

Lease Rate/Sq. Ft.:$2.50

Established:2007

Contract Manufacturing Shop for Sale

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Business Description

Large production facility

Due to and unexpected death of owner we are listing at liquidation price of equipment. Just 6 months ago this company had a formal valuation of over $1,000,000. Due to a lot of unfortunate circumstances we are not advertising or asking for any value of past and existing business. There is potential of existing work, but as stated we are not including it in the listing price. This would be an opportunity for someone that needs the production space, and who has access to cash for a quick sale.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
50,000
Lease Expiration:
10/31/2016
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
We currently lease about 45,000 sq ft that is mostly open concrete floor with 20' plus high ceilings. The lease rate is very low and transferable to new owners. There are ground and dock height loading docks. There is a 4,000 sq foot spray facility that is capable of fiberglass and gel-coat finishing. (Home Based)
Competition:
Our business is somewhat unique and does not have a lot of competition. We are strategically located between Worcester MA and Providence RI.
Growth & Expansion:
Potential buyer could realize the current cash flow, and/or use the facility to expand upon this business or develop and expand their own product line. We have started to develop a line of residential cabinets that could be further developed. We have also recently invested in a chem line coating system that is capable of coating wood products with an extremely durable finsih that is weatherproof, similar to commonly seen truck bed liners.
Financing:
10% possible to help with traditional financing.
Support & Training:
Remaining partner is willing to help with transition.
Reason for Selling:
Death of owner.
Home-Based:
This business is Home-Based
Business Website:
http://www.alistwoodworks.com

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Business Listed By:
Carlton Grady

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