Profitable Custom Castings Business

Cook County, IL (Relocatable)

Profitable Custom Castings Business
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Asking Price: $325,000

Cash Flow: $104,043

Gross Revenue: $556,144

EBITDA: $67,446

FF&E: N/A

Inventory: $800

Established: 1998

Profitable Custom Castings Business

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Business Description

This listing is for a well-established custom casting business located in the north Chicago suburbs that is available to a qualified buyer. This business offers a buyer a six-figure income with over 40 years of experience in the metal casting industry. The company has specialized in sourcing custom castings in China and brings thousands of castings each year to their wide and diverse base of customers. They import steel, iron, aluminum and brass castings made by sand, shell, die castings and investment casting processes. The castings are made by pouring liquid metal into the molds. A variety of metal alloys are poured into a variety of molding processes. This enables the production of complicated shapes at lower cost than fabricating them by welding and machining. Their clients include (but are not limited to) truck & trailer industry, electrical components, water wells, plating companies and more. For small and medium sized companies that cannot afford (or don’t want) an office in China, the business has an office in China with an agent representing them. Over the years, they upgraded products that were made from malleable iron (in the USA) to investment cast and now to forging in China (for a lower cost, yielding a much better product). In addition, the also do sourcing of forgings, stampings and parts machined of wrought steel bars. The company handles all of the paperwork and logistical needs as well. They offer competitive pricing without sacrificing quality and they have an outstanding reputation in their marketplace with a large base of customers. If you would like more information about this business, or if you would like to schedule a site visit, please contact the agent either by phone or by email.

Detailed Information

Location:
Cook County, IL
Inventory:
Included in asking price
Employees:
2
Facilities:
Real Estate is owned by the seller and not included in the asking price. The business is easily relocated. Home Based (Home Based)
Growth & Expansion:
Existing customer base can double their size. Foundry approval now will get more business.
Support & Training:
Owner will train the buyer for 4 weeks at no cost
Reason for Selling:
Retirement
Home-Based:
This business is Home-Based
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(from currently available funds)
 
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Tommy Farmer

Business Listed By:
Tommy Farmer

The Marvin Group LLC

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