Established Metal Fabricating Business

La Porte, IN (La Porte County)

Seller Financing Available
Excellent decades-established relationships with customers!

Asking Price:$400,000

Cash Flow:$120,000

Gross Revenue:$585,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:$225,000*

Established:N/A

*not included in asking price.

Established Metal Fabricating Business

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Business Description

Established over 30 years ago, the Company is a well-diversified general machine shop located in Southwest Michigan. In addition to machining, the Company also offers welding services and light metal fabrication. The Company is well-known and respected in the local manufacturing community for its customer service, top quality products and on-time delivery. Long-time customers include recognized names.

Ownership is selling in pursuit of semi-retirement. The owner is very concerned about a successful transfer of ownership and will fully support a new owner during the process.

The real estate is owned by a related entity and is available for purchase.

Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency. You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the email cannot be found please email info@caldergr.com and request a PDF version.

Once we receive your NDA and answers to some basic questions the Confidential Offering Memorandum (OM) will be sent to you from the project manager.

IF YOU DO NOT RECEIVE A FOLLOW UP EMAIL AFTER YOU SUBMIT YOUR NDA, PLEASE CHECK YOUR JUNK MAIL FIRST. If you do not see the email there, please email info@caldergr.com for support. Thank you in advance!

Detailed Information

Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
7
Competition:
Long-term Production Agreement – The Company was recently awarded a purchase order to machine parts for recognized customer. This is projected to generate an estimated $40,000 per year in revenue and also provide the opportunity to service the products for the next 20 years. Extremely Loyal Customer Base – Due to the Company’s excellent reputation and its long-established business relationships with other companies, its customer-base is very loyal. Autonomous Organization – The employees function as a team and are very competent and responsible. This allows the current owner to provide general oversight of the operation without being overly involved in the day-to-day shop floor operations.
Growth & Expansion:
Gain ISO Certification – The Company is not ISO Certified, which has caused it to lose jobs and the opportunity to bid on them due to the lack of certification in this regard. Invest in Sales and Marketing – New sales are generated organically by word of mouth and referrals from existing customers. Working with a commissioned salesperson may be a beneficial approach, which the Company has never attempted. From a marketing perspective, investing in an updated website and search engine optimization could yield significant new customer and job quoting opportunities. Boost Margins with Greater Use of Technology – Prudent investments in the acquisition of technology would help the Company to increase its profitability. Because the Company’s competition has been limited, the current owner has not had the impetus to purchase CAD/CAM software or rely on sophisticated strategies such as mobile robotics, high-speed data feeds or live tooling to drive down costs. Optimizing operations with the implementation of shop floor management software would also enhance profitability.
Financing:
Available for qualified buyers. With SBA Financing Buyer Will Only Need ~$80,000!
Support & Training:
Owner is willing to assist in a reasonable transition period. Owner is dedicated to a smooth transition for employees and customers.
Reason for Selling:
Retirement

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Max Friar

Business Listed By:
Calder Capital, LLC

Calder Capital

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