SOLD

SOLD – Metal Forming

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Eastern Iowa

$5,500,000

Listing# :

16667

Gross Revenue :

$3,540,446

Status :

Discretionary Earnings :

$808,343

Business Type

The new owner should have an understanding of metal forming and machine operations. There are no special licenses needed just an understanding of bidding work. The successful buyer will acquire all the assets necessary to run the business. The equipment is continually updated and in the last 4 years more than 1 million dollars of new equipment has been added.

Business Description

The business works in metal forming for OEM’s across the country. Company can prototype one unit or can produce long runs of more than 10,000 units. Company has capability to stamp parts as well.

Detailed Information

Real Estate:

Available

Inventory:

Available

FF&E:

$0

Building SF:

40,000

Employees:

Yes

Facilities:

Business is located in an industrial park with 40,000 square feet under roof. The entire building is covered with heat and air conditioning.

Competition:

Within the area there are a couple of companies providing similar work. The companies are friendly competitors and work with each other on specialized projects.

Growth & Expansion:

Sales have been consistent over the last several years serving the same customer base. More effort in the sales and marketing department and new customer development should provide enhanced sales and profits.

Support & Training:

Training & Support 2 weeks $1,000 costs

Reason for Selling:

Retirement

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