Quality provider of ultrasonic cleaning, manual grinding, and abrasive blasting services for as many as twelve companies including multiple divisions within a large Fortune 500 customer. This multiple customer base offers potential for growth of the business. The company's close proximity to its customers has been a key factor for its success. In business for over 17 years with a reputation for excellence, quality, and response time.
The major customer has always made-up over 90% of the company's revenues. But their work is considered to be essential to this customer and the relationship has steadily grown over the past 17 years. Very little competition. Highly specialized equipment has an estimated fair market value of $1.1 million. Sixteen well-trained and highly skilled employees. Consistent growth in revenue and profit over the past three years.
The buyer needs to be a mechanical engineer or have plans to immediately staff an engineer with extensive knowledge and experience with metal finishing. Not looking for private equity or investor buyers without significant industry expertise or management that is ready to immediately step in and run the business.
The owner wants to fully retire and travel. He is willing to stay on for a brief period to make an orderly transition of the business including relationships with the customer base.
The real estate, which consists of land and a 35,250 sq ft industrial building with office space, is not included in the price for the business but can be purchased for an additional $3.5 million.
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value: $3,500,000.00
Real Estate Description:
Land with 35,250 sq ft industrial building with office space.
Detailed Information:
Lender Prequalified: No
SBA Prequalified: No
Is Going Concern: Yes
