Distressed Machinery Manufacturer for Immediate Sale

MA (Relocatable)

Seller Financing Available
Distressed Machinery Manufacturer for Immediate Sale
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Asking Price: $300,000

Cash Flow: N/A

Gross Revenue: $3,914,889

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1986

Distressed Machinery Manufacturer for Immediate Sale

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Business Description

Owner of a 33-year-old custom machinery manufacturer in Massachusetts is seeking an immediate sale or equity injection.

The company manufactures Extruders, Cablers, Respoolers, Payoffs, Takeups, and a wide range of custom machines and solutions for the Wire, Cable and Fiber Optic industries.

The revenue and profits of the company tend to be lumpy due to 6-8 months time to complete an order. Average revenue over the last 5 years is $3.914,889 split between machines and parts (recurring revenue). Company has a healthy backlog of orders for 2019. Average order size is $350,000. Very low Account Receivables as 90% is collected prior to shipment of orders. Company has never seen a bad debt in its entire history.

Owner works as a Design Engineer and is willing to stay with the company post-acquisition as an employee or consultant. Company has trained and long-tenured staff in place, but lacks in sales. Most of the equipment is owned by the Company in good working condition. Real Estate is also owned by the Seller and available for lease or purchase.

This is an opportunity for a well-capitalized and experienced buyer to acquire and turn-around a well-established business. For additional information, please contact Sanjay Ahuja of Sunbelt Business Brokers at 508-868-8189.

Detailed Information

Real Estate:
Owned
Building SF:
N/A
Employees:
10
Reason for Selling:
Financial Distress
Business Website:
http://www.sunbeltnetwork.com/boston-ma/
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Sanjay Ahuja, MBA

Business Listed By:
Sanjay Ahuja

Sunbelt Business Brokers of Boston-Providence

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