Profitable Industrial Strap and Sling Manufacturing Company For Sale

Hartford County, CT

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Asking Price: $185,000

Cash Flow: $116,848

Gross Revenue: $256,443

EBITDA: N/A

FF&E: $45,200

Inventory: N/A

Established: 2010

Profitable Industrial Strap and Sling Manufacturing Company For Sale

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Business Description

*2018 Sales are up 30%*

Asking $185,000 (Plus inventory on-hand)

Richman Business Brokerage is exclusively representing a manufacturing company in Central Connecticut. The company manufactures lifting slings and tie-down assemblies of several varieties and customizations to a nationwide market. Product quality is a top-priority, all items produced either meet or exceed industry standards. All materials and products that are shipped are 100% made in the USA. Rush orders and orders for complex projects are easily accommodated, which has built a reputation of reliability and a base of return customers. 70% of customers are commercial accounts. The business opened in 2010 in its currently location, a 2,000 square foot facility. In addition to the owner, and the owner’s spouse, who both work full-time as production managers, there are two part-time employees responsible for shipping and bookkeeping. The business is successful in its current model without an online presence or a sales program. The owners feel the business can grow to its potential with the addition of a sales representative or an owner with sales background. This is a great opportunity for a buyer looking for an established and profitable manufacturing business with a great reputation.

Detailed Information

Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Leased 2,000 sqft Manufacturing Facility in Hartford County of CT
Support & Training:
Yes
Reason for Selling:
Retirement
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David A. Richman

Business Listed By:
David Richman

Richman Business Brokerage & Insurance, LLC

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