First time offered for sale – after over 25 years of business seller is ready to retire. This tool and die manufacturing company has been family owned for several generations and is the industry leader in the market it serves. The business offers significant growth potential for the next 10 plus years. 2016 is trending at 15+ plus over 2015. The business provides parts for equipment world wide – and provides dies for a specific industry on a world-wide basis. It is a small operation that operates from 7:00 am to 3:30pm. The staff is well trained and in place. Business established more than 25 years.
Here is the revenue and net cash flow trend below with projected owners income of $950,000 for 2016.
2013 Sales = $1,460,872 SDE = $ 275,375
2014 Sales = $1,500,719 SDE = $ 367,264
2015 Sales = $1,975,211 SDE = $ 710,423
Package Deal: Business and Real Estate available for $3,000,000
Facilities: Due to retirement the owner would prefer to sell the building and business as a bundle package. The owner is open to a long term lease. Price for the building is $900,000. The building is 15,000 sqft +/-; the present operation utilizes about 11,000 sqft. Equipment/Inventory: $600,000 included in the sale.
Growth & Expansion: 2015 April YTD Sales = $ 619,583 SDE = $ 203,281 2016 April YTD Sales = $ 910,286 SDE = $ 418,316
Financing: Available – SBA eligible – based on credit history 25% down; 15 year term
Support & Training: Ideal individual will have an manufacturing or engineering background. Owner will remain for extended period of time to ensure smooth transition. Reason for Selling: Seller is Retirement age – no family members to take over the business
Asking Price $2,100,000
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