Gear Manufacturing Company

Oakland County, MI (Relocatable)

Gear Manufacturing Company

Asking Price:$130,000

Cash Flow:$28,287

Gross Revenue:$81,484

EBITDA:N/A

FF&E:$70,000

Inventory:N/A

Rate/Sq. Ft.:$4.50

Established:1982

Gear Manufacturing Company

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Business Description

This business has been in existence since 1982. It processes gears including spurs, helix, splines, both internally and externally and gear shavings. It is currently a one man operation. A new owner will have the option to increase sales with the addition of machinists and a renewed sales effort.

The typical buyer is either a current machine shop that wants to expand its services and customer base or an individual entrepreneur looking to go into business using an established base from which to start.

The business currently enjoys an excellent reputation and a loyal customer base.

Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
2,000
Lease Expiration:
N/A
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business currently operates out of a 2000 square foot shop. It is centrally located in a north suburb of Detroit and is capable of servicing all of Southeast Michigan. Currently the business services companies nationally and internationally. A new owner will have the option of remaining in the same location or moving the equipment to a new location.
Competition:
The customer base includes Tier 1 automotive companies, machine shops, and government work. There is good opportunity to expand the business by building on this base as well as adding new customers through an improved marketing effort.
Growth & Expansion:
The current owner has not made an effort to grow the business. He has been relying on referrals and repeat business. There are many steps that can be taken to increase business including a dynamic web site displaying the company’s capabilities, sales calls on current customers, sales calls on new customers and marketing brochures describing to capabilities of the business.
Support & Training:
The current owner is willing to assist the buyer in the transition of the business, both in the technical aspects and in introducing the new owner to the current customer base.
Reason for Selling:
Retirement

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Johm Mulheisen

Business Listed By:
Johm Mulheisen

MarketPoint Advisors

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Sponsoring Broker:
Wendell Brandt

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