SOLD! $7.6 Million: Profitable Component Manufacturing

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Two machinists working on machine

EXECUTIVE SUMMARY

BUSINESS:

Profitable manufacturing company located in the suburbs of the Twin Cities. This company was established by the current owner in 1986. The company provides complete turn-key solution which  involves design services, component procurement service, component manufacturing, final assembly, X-Ray / AOI service, machining of precision parts, functional / parametric testing and customized packaging. The company enjoys a good reputation, solid clients, very qualified employees and the electronics industry it serves is booming including semiconductor, medical, consumer, and defense. The daily responsibilities of the owner are: oversees accounting and HR department and will get involved with some engineering decisions from time to time.

FACILITIES:

20,000 sq. ft. free standing building built in 1996. The HVAC was replaced in 2011 with a 20 kilowatt solar panel installed on the roof. The seller feels that this facility could approximately double in sales by using all of the square footage available, and possibly running a second shift.

EMPLOYEES:

The business has a staff of approximately 40 employees with long term key employees in place.

REVENUE:

Revenue in 2015 was $7.15M, 2014 was $7.7M, 2013 was $7.1M and 2012 was $6.2M.

EARNINGS:

Cash Flow in 2015 was approximately $900,000 +

ASKING PRICE:

The asking price for the business is $5.7M. Included in the price are the furniture, fixtures and equipment value of approximately $1,100,000 and inventory, which is valued at $900,000 (at cost). The asking price for the building is $1.9M.

NOTES:

Approximately $500,000 is needed for working capital.

Bank financing in place with qualified Buyer.

Buyer will be required to have $1.2M cash at closing.

REASON FOR SALE:

Retire. The seller will provide the necessary training to insure a smooth transition.

 

Featured Listing: SOLD! Manufacturing-patented product-Marine industry.

speedboat-fun-group[1]Manufacturing-patented product-Marine industry. Established in 2004, sales nationwide and internationally. Sells through rep, dealers, internet, and through shows.

Products are common in marine industry-used on boats and docks. Product is superior in design and utility.

Products manufactured and shipped on site, only outsourcing is for plating. Company completely equipped-list available. Currently occupies about 2000 sq. ft. in an office/warehouse facility. Business can be moved with no adverse effect.

Sales in 2012 over $200,000 and the business is profitable. Needs sales and marketing to grow.

Asking price: $150,000. Sale includes about $75,000 in equipment and about $15,000 in inventory. Seller will finance $60,000.

Important Notice:  The above information has been provided by the Seller.  Neither The 20/20 Group, Inc. (dba Opportunities In Business) nor its agents guarantee its accuracy or comprehensiveness.  7737

Featured Listing: Plastic Molding, Cash Flow $230,000! (Semi Owner Absent).

ICOMRF-00007931-001TYPE OF BUSINESS: Plastic Molding Manufacturer. This high demand manufacturer specializes and produces dozens of high quality Rotation Molding products for following markets: Automotive Aftermarket, Hunting, Fishing, Safety Services and Waste products to name a few. In addition to plastic part production, this business also operates an established tool (molds) building and full shipping facility as well. The employees are true trade professionals, able to provide detailed hands-on work and successful job management for smooth production. Owner is willing to work with a new owner after the business is sold to insure a smooth transition. Hours of operation are 6:00a.m. – 4:00p.m. Monday – Thursday. Owner wouldn’t need to be at the business every day. Multiple employees are capable of overseeing the operation.

 

 

FACILITY:  This business operates in a one story pole frame 16,400 sq. ft. structure. This structure consists of steel frame doors and windows, steel overhead doors, colored steel siding and gable steel roof. The office, lunchroom and restroom are finished beautifully with tile floors, sheetrock walls and ceilings.

EMPLOYEES:  This business has 10 full-time employees.

Most employees have been with the company for several years.

GROSS SALES/CASH FLOW:  The gross sales for 2012 were $1,170,000 cash flow was approx… $230,000. 2011 were $936,012; 2010 were $861,847.

 

ASKING PRICE: The asking price for the business, building and property is $1,300,000. This includes inventory valued at $40,000 and equipment, furniture and fixtures with an estimated value of $200,000. Bank financing for the business and building is available to a qualified buyer.

REASON FOR SALE:  Retirement

Important Notice:  The above information has been provided by the Seller.  Neither The 20/20 Group, Inc. (dba Opportunities In Business) nor its agents guarantee its accuracy or comprehensiveness.       bk