Dynamic Manufacturer Distributor of Specialty Industrial Components For Sale

Business description

The Company is a long-established, yet growing manufacturer and wholesaler of specialty industrial components and solutions with a worldwide presence. With a diverse and growing customer base, the Company has achieved modest revenue growth despite competition from Asia and is well-positioned to extend this growth going forward.

Founded nearly 50 years ago, the Company has grown to be one of the largest suppliers of these solutions in upstate and western New York.

Property information

Real Estate:

Lease

Lease terms:

5 year renewable assignable lease.

Location:

The Company leases a modern 50K sq. ft. manufacturing, office, and warehouse facility as well as two ~1000 sq ft branch sales offices.

Other information

Expansion potential:

Growth opportunities are twofold:
1. Invest in additional equipment to increase manufacturing capacity.
2. Expand sales coverage both geographically and through addition of sales staff.

Competition / Market:

The market is growing modestly (greater than inflation) both domestically and internationally although flat in the Northeast. Primary price competition comes from China, but is only seen on very high volume products. The Company competes successfully by providing complete solutions including custom with fast turnarounds.

Support & training:

Owners will assist transition at no charge up to 90 days with negotiable assistance beyond.

Reasons for selling:

Owner retirement

Trading hours:

M- F 8 - 5

Financing available:

Owner will assist with financing. Business is pre-qualified.

Furniture / Fixtures value:

$1,400,000

Inventory / Stock value:

$750,000

Contact the seller

For more information about this business for sale, click the Contact Seller button.

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