New! R.E. Appraisail in at $515,000 ,SWC on Business w/50% down !

Macomb, MI (Macomb County)

Seller Financing Available
New! R.E. Appraisail  in at $515,000 ,SWC on Business w/50% down !

Asking Price:$384,900

Cash Flow:$97,900

Gross Revenue:$847,000

EBITDA:N/A

FF&E:$474,000

Inventory:N/A

Real Estate:$515,000*

Established:1955

*not included in asking price.

New! R.E. Appraisail in at $515,000 ,SWC on Business w/50% down !

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Business Description

Huge opportunity moving forward with this est.Manufacturing co, !

This extremely well established niche manufacturing company is on the market due to the owners desire to retire.This company has been in the family since it's founding ,which means it has GREAT Continuity ! Their products for the housing industry have approvals from HUD in all 50 States ! This company has a great base of business and assets to grow with for new owner with the energy to take ti to the neat level,or simply maintain the existing business. A confidentiality agreement/nda required for fur\ther information. .Simply fill in contact information to have an agreement sent to your email.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
6 +owners
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
NEW R.E APPRAISAL NOW AVAILABLE for lenders !~This well established manufacturing facility operates out of a 25,244 square foot facility on a major artery in Macomb County with excellent access to all locations in Macomb., ,Oakland and Wayne Counties and well beyond. There are multiple 12 ft. and 16ft doors ,and loading docks .with plenty of up close parking for employees and customers .The real estate is available for purchase ,a new full narrative appraisal has come in at $515,000.The products they manufacture are for the housing industry ,both single family ,and multifamily .Their products are approved in every state by HUD . There are many directions a new owner may take with this excellent base of business .
Competition:
This company is a market leader in their industry segment ". New and replacement door fixtures New Blood" is needed to take the company to the next level. .Built on its industry leading position. ! Present owners are retiring !
Growth & Expansion:
Addtional marketing ,and a second shift could be added for expansion More than .One of the major home improvement "BOX " stores wants them in their stores,which would require ramping up their production
Financing:
With 50% down seller will finance for 36 months !!
Support & Training:
With 50% down sellers will carry for 36 months !The present owners will stay for 1 month to acquaint the new owners with the business,customers,and operation of the business,longer by negotiation
Reason for Selling:
Retirement

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Norman MacGillivray

Business Listed By:
Norman MacGillivray

Century 21 AAA North Business Brokerage

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