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Listed by:

Advanced Business Advisors

Established Industrial Products Manufacturing Under Loi - In Michigan For Sale

Michigan, US
Asking Price:
On request
Sales Revenue:
$1,375,000
Cash Flow:
$425,000

UNDER LOI - This established manufacturer has three distinct revenue streams. Super abrasive single layer grinding wheels, industrial cutting tools (standard and specials) and building or rebuilding of CNC grinding equipment. The business has a solid reputation and has lots of room for growth with the addition of a sales department.

This business has a high level of knowledge that the seller is willing to train and pass along in an extended transition period if desired. The business prides itself on providing affordable custom solutions to fit all projects and budgets. With 30+ years of experience combined with the latest engineering techniques they are able to find solutions for their clients’ needs. Some customers have been with the business for over 20 years.

Property Information

Real Estate:

Real Property Included

Location:

•Located on 2.5 acres with gated area and room to grow
•Located near major transportation hubs

Premises Details:

•12,500 square ft of shop space with dedicated air conditioned office space of 3,000 square ft

Size in square feet:
15,500

Business Operation

Expansion Potential:

•Added focus on sales in cutting tool business would immediately benefit profitability
•Grinding wheels and machines are in a growing sector with availability to double in size on with added manpower and grit inventory

Competition / Market:

•Grinding wheels has grown and there are competitors
•This business has an edge with making cores in house and reducing delivery times
•This business is nimble and established with great suppliers and have kept costs low

Reasons for selling:

•Looking to retire and explore other interests

Employees:
5 FT / 1 PT / 1 IC
Years established:
35

Other Information

Support & training:

•Seller available to provide training and support for a smooth transition period
•Seller can stay in the business for up to 2 years or as needed to transfer knowledge and skills

Furniture / Fixtures value:
$375,000
Inventory / Stock value:
$65,000