Business For Sale Listing 155033
58% Margin of Profit
Status as of Nov-21-2008 at 05:59 PM: Active
Business Summary
This manufacturing business is one of a kind. In business for over 40 years with a well-established clientele. The current owner says: "It is such a pleasure to work with clients who do not nickel & dime you! They respect your product and depend on it!"
The crew has been with the company for a long time and qualified to produce under any management or ownership.
Here's a few reasons why this industrial manufacturing business is a AAA purchase:
- Rent is way below the market rate. 3 1/2 years left in the lease with a 5-year option to renew.
- Clients are venly spread all over the US so the notions of "seasonal" or "territorial" setbacks do not exist.
- The State of New York offers the business several tax breaks in order to
maintain the current location as its operatonal base.
- The City of New York pays a portion of the utilities in order for the
business to maintain its current location as its operational base.
- Every new hire is associated with additional city and state incentives.
- The products are vital its customers -- the company makes tooling for a
variety of customers in different industries -- tooling without the work
of which new products or additional existing ones can not be introduced in
the market.
- This business is recession-proof. Their customers are spread across different industries such as packaging, cosmetic display, air and naval defense, leather products, agrobusiness, automotive, etc, etc. -- which means that the crisis of one industry is more than compensated by the diversification of the customer
portofolio.
- The current owner will train the new owner for two months. He will either take a working partner or will sell the business outright.
- The current owner will hold a small note if terms are reasonable
- The buyer has to have proof of downpayment of $495,000 before entering
the transaction. It will buy 49% of the shares. $950,000 will buy the whole business.
Categories
Industry
Location
Financials
| Sales: |
Not Disclosed |
| Profits: |
Not Disclosed (58%) |
| Profit Type: |
Not Disclosed |
| Asking Price: |
Between $500 Thousand and $1 Million (950,000) |
