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Automation and Process Machinery Manufacturer

Essex County, NJ

Seller Financing Available
Automation and Process Machinery Manufacturer
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Asking Price: $4,500,000

Cash Flow: $680,000

Gross Revenue: $5,700,000

EBITDA: N/A

FF&E: $684,865

Inventory: $5,000

Rent: $0.00

Established: 1969

Automation and Process Machinery Manufacturer

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Business Description

This Company is an innovator and is well known within the manufacturing process automation industry. The Company is a leader in their specialized computerized process automation. Founded in the 1960’s, the two partners are of retirement age and want to explore new options. The Company has zero debt. One partner wishes to retire ASAP and will be available for a defined period to assist with the transition and specific details. The other partner has little interest in completely retiring from the business in the near future but wishes to limit his day-to-day managerial duties and would hope to function as part of a new management team installed by the Buyer as long as he has value.

The Company currently leases an 25,000 sq. ft.+ industrial building. The Company has a complete machine shop with one full time machinist. The machine shop is used to support the operation and for some prototype work. Company engineers but do not manufacture the parts that go into the machinery, but rather a supplier network is utilized. This process helps to control costs. These parts are assembled into the finished machine at the Company’s facility by the Company’s workforce and is tested for quality. Once the assembled machine passes QA/QC inspection at the Company’s' plant, it is broken down for shipment to the end user.

Over the years, the Company has established specific product lines but has not limited its sales to these areas. An increase in sales efforts [more sales people] would most certainly result in increased sales. Targeted areas in their established core products, for a growing number of industries is certainly projected to increase in the coming years and the Company is perfectly positioned to take advantage of this growth.

There are other areas in which the Company has a considerable amount of machine experience. These areas also show high growth potential, especially in the next 5 years, that can be realized if the proper attention to the marketing/sales effort is provided.

The Company has launched a division that contracts out material processing by utilizing Company built and owned equipment. This division has tremendous growth potential. The equipment that is utilized in this division is fully owned by The Company.

The current manufacturing backlog is in excess of $1 million. The Company has a strong sales pipeline. Call the listing broker for details.

Detailed Information

Location:
Essex County, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
25,000
Lease Expiration:
N/A
Employees:
18
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company currently leases an 25,000 sq. ft.+ industrial building.
Competition:
The Company is a well know industry leader.
Growth & Expansion:
Contract out material processing by utilizing Company built and owned equipment. The Company’s reputation as a leader in design and manufacture is known worldwide. Once the partner that will stay limits his day-to-day managerial duties he would hope to focus on increasing sales.
Financing:
TBD
Support & Training:
YES. Full support will be provided. One partner wishes to retire ASAP and will be available for a defined period to assist with the transition and specific details. The other partner has little interest in completely retiring from the business in the near future but wishes to limit his day-to-day managerial duties and would hope to function as part of a new management team installed by the Buyer as long as he has value.
Reason for Selling:
retirement
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Michael Farruggia

Business Listed By:
Michael Farruggia

Synergy Business Brokers

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Sponsoring Broker:
Blake Taylor

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