Seller Financing Available
Gross Revenue: $1,000,000
* not included in asking price.
Mfg & Supplier of Custom Industrial Fasteners
This Company is a Texas-based custom manufacturer and supplier of industrial fasteners, nuts, bolts, and related products, primarily to the energy sector. With a favorable reputation, strong customer and supplier relationships, outstanding production capabilities, and experienced management, the Company is well-positioned for robust growth.
Its revenue mix comprises a wide variety of industrial fasteners (75% of 2015 sales), industrial bolts (7%), and pins and washers (7%). The remaining 11% consists of specialty industrial nuts, studs, and other specialty and standard parts. The Company offers specialty and non-standard fasteners for industrial applications that meet more than 40 specifications for ASME, ASTM, and SAE Fasteners. In addition, capabilities also include nearly 20 military and Federal specification standards. Approximately 85% of the manufacturing and fabrication functions are performed in-house by skilled and experienced employees using well-maintained machinery, tools, and other equipment. Depending on the size and type of job, some functions are outsourced to reputable vendors, such as heat treating, EDM (electrical discharge machining), lab testing, forging, and grinding. Its management is proud of the Company’s outstanding safety and environmental record.
Inventory: Not included in asking price
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: The Company operates from an owned 17,800 square-foot facility in Houston, Texas. An additional property adjacent to the existing property is available for immediate or future expansion. The facility is situated on a 1.9218-acre (83,712 sq. ft.) lot and an undeveloped 1.8828-acre (82,016 sq. ft.) lot.
The owners are amenable to signing a long-term lease and leasing the facility at an agreeable rate to the new owner. The existing facility will be sufficient to support at least double the current sales level.
Competition: (!) Strong Customer and Vendor Relationships: The Company is proud of its strong ties to numerous distributors, contract manufacturers, and other strategic partners throughout its marketplace.
(2) Superb Staff: Its personnel are the most important asset. In order to ensure customers receive the highest quality products and outstanding service, the Company provides continuous product training to its dedicated team.
(3) In Compliance with Regulations: Management indicates the Company is compliant with all applicable regulatory and other government requirements.
(4) High Barriers to Entry: The significant capital investment to purchase manufacturing equipment and establish relationships with suppliers and customers is a significant barrier to entry for new competitors.
Modest Ongoing Capital Investment Requirements: Management does not expect a significant investment in capital expenditures to be required over the pro forma period. Going forward, capital expenditures are projected to average $10,000 per year for various equipment replacements and upgrades, and occasional building improvements.
Growth & Expansion: (1) Outstanding Growth Opportunities: Given sufficient resources, the Company has opportunities to accelerate revenue and profit growth by expanding its suite of products, growing its customer and geographic markets, hiring experienced sales professionals, and investing in additional manufacturing equipment to expand production capacity.
Support & Training: The owners and key employees are willing to stay with the Company post-transaction in order to ensure a seamless transfer of ownership.
Reason for Selling: Retirement Planning
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