Business For Sale Listing 146161
Metal Casting Foundry With Real Estate
Status as of Nov-22-2008 at 06:01 PM: Off The Market
Business Summary
Active green-sand casting operation focusing on manganese steel, carbon steel, stainless & low alloy steel.
Started 1985, enjoyed success for 20+ yrs. During which industry has experienced consolidation of nearly 1/3 of US foundries. Weeding of inefficient /uncompetitive operators benefit this Co.
Competitive edge is customer satisfaction thru high performance & high quality, fair price & timely delivery.
Customers served have strong loyalty. Transferable relationships & stellar reputation of the Co. reinforce continuation as primary "go to" supplier. National customer base, reorders make up considerable revenues.
Sellers are the founders. Sale part of planned retirement after smooth transition.
Debt free Co. enjoys stable workforce & has uninterrupted history of profitability.
Sellers will provide several mos transition + consultation up to 2 yrs if needed.
Excellent benefit & retirement plans for nearly 40 emps. Longevity is high. Work environment is safe & in full compliance with all regulatory requirements.
Facility consists of 2 bldgs w/mezzanines. 34,000 sf housing production & admin functions.
If Buyer doesn't purchase RE, long term Lease will be neg at attractive rate w// standard terms & increases. Will consider short term 1st right to purchase @ fixed rate as part of Lease.
Extensive Asset list.
Growth avgs 12% y.o.y. by word of mouth.
Mgmt feels application of pro-active mktg plan will max full potential of people & facilities. Co. has excellent growth capacity to produce & deliver products above current levels.
Final transaction design may incl detailed consulting/employment and non-compete agreement.
Categories
| Industry: |
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| Location: |
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| Other: |
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Industry
Location
Financials
| Sales: |
Between $5 Million And $10 Million (5,925,258) |
| Profits: |
Between $1 Million and $2.5 Million (1,224,614) |
| Profit Type: |
Earnings Before Interest, Taxes & Depreciation (EBITDA) |
| Fiscal Year: |
2007 |
| Asking Price: |
Between $10 Million and $15 Million (11,500,000) |
