Manufacturing Company Building CNC Machines and Equipment

Tampa, FL (Hillsborough County)

Seller Financing Available
Manufacturing Company Building CNC Machines and Equipment

Asking Price:N/A

Cash Flow:$1,000,000

Gross Revenue:$4,000,000

EBITDA:N/A

FF&E:$400,000

Inventory:$750,000*

Rate/Sq. Ft.:N/A

Established:1989

*not included in asking price.

Manufacturing Company Building CNC Machines and Equipment

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Business Description

Right now there is a unique opportunity! This company was under contract for the past several months. This was scheduled to go SBA and the bank has underwritten and approved the sale for this company! The bank really likes this company! At the last minute the buyer attempted to further negotiate the written agreement and broke the contract. He is no longer in the picture. All of the due diligence is completed and in place for review. We just need a qualified buyer step in and pick up where the process was left off.

This manufacturing company is manager run and the owner only comes in a few days per month. This company is growing tremendously and there is no end in sight! This company builds CNC machines in the construction industry. They are sold to lumber companies, construction companies and other retail companies nationally and internationally. This company has another leg of revenue where it will take used equipment, refurbish and resell to buyers who may not have the budget for brand new equipment.

This company is NOT going to last long and it is set to sell quickly!! 2016 will approximately $1,300,000 in net profits! At $4 million in sales with a 28-30% bottom line net profit, you can easily see the potential. DO NOT WAIT!

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
18,000
Lease Expiration:
N/A
Employees:
16
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The building is well suited for a manufacturing company. Approximately 18,000 sq. ft. walking through you get the impression you are almost walking down an assembly line. The building is easily accessible with Semi Trucks and there is more room on the property for expansion. The building is being leased.
Competition:
There is not a lot of competition in this industry. The company has tremendous opportunity to grow and become even more dominant. There are three major players in this industry and this company is one of them. Another major player is in California but due to the significantly higher overhead with taxes, employee cost etc., it is hard for them to be competitive with his company. The third company has a poor reputation in the industry.
Growth & Expansion:
This company has grown between 30-50% for the past four years and there is no slow down in sight. The company averages between 28-30% net profit to the owner. 2016 has already shown that it so no exception to the already tremendous growth. As of July the company is on target to meet or exceed the 2016 projections. This company will hit between $4 million and $5 million in sales this year and will maintain its 28-30% Net profit to the owner. This company could grow well over $10 million in revenue with the right owner driving the ship!
Financing:
Partial Owner Financing Available
Support & Training:
The owner is willing to spend time working with a new owner but the company is run by management that will also assist in the transition.Management wants to stay. The owner is also willing to sign a consulting agreement for a longer term arrangement.
Reason for Selling:
Retirement

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Rick Schell

Business Listed By:
Rick Schell

The Enterprise Group

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