Industrial Product Fabrication Company
This is a great opportunity to own a manufacturing business with strong repeat customers and a strong reputation for high quality products in the industry. The seller is primarily responsible for plant production and has very strong back up managers behind him. Ideal skills set of a new owner would be industrial sales and management.
Background information
Reference:
0061
Year established:
1977
Reason selling:
Owner is retiring
Finance
Sales:
$4,100,000
Profits:
$635,000
Profit type:
Free Cash Flow
Operations
Employees:
11
Inventory:
Inventory is included.
Premises
Facility:
This is a single story 40,240 sf light industrial building with 3700 sf of office space. It is owned by the seller in a different company and is available for sale.
Square footage:
40240
Rent and lease terms:
Real Estate Available-The lease rate is estimated and is based on a fair market rental rate of $3.20 per square foot or $128,768 per year with a 10 year NNN lease between the tenant and building owner, and is negotiable. The seller would prefer to sell the real estate and the business in the same transaction.
Location:
St. Louis Metro
Opportunities
Growth:
This business has done very little in new marketing over the past several years. The addition of outside sales people or manufacturing representatives, ecommerce capabilities, and a strong marketing presence would add substantial growth to this company.
Market:
This company primarily services industrial product OEM's.
Price and terms
Price:
$2,050,000
Financing:
SBA Approved
Training:
1 Month at no cost