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Tuesday, May 21, 2013
Business For Sale Listing 187166
Distressed West Michigan Die Manufacturer
Status: Off The Market
Business Summary
Established over 40 years ago, the company is a profitable and recognized manufacturer of small to medium-sized dies for the automotive, furniture and appliance industry. The company occupies 16,000 square feet in Western Michigan and maintains a seasoned workforce of 15-20 employees. It prides itself on excellent customer relationships as well as well-maintained equipment including grinders, saws, lathes, wire EDM, CNC machines, tryout presses, forklifts and welders.
The company owes $1.5MM to the bank, and is having a cashflow crunch. Cash is running short and the time to act is now.
Categories
Industry
| Sector: | Manufacturing |
|---|---|
| Industry: | Tool & Die Shops |
Location
| Classification: | United States // Midwest States // Michigan // Grand Rapids |
|---|---|
| Location: | West Michigan |
Financials
| Sales: | Between $1 Million And $2.5 Million ($2,500,000) |
|---|---|
| Profits: | Between $100 Thousand and $500 Thousand ($300,000) |
| Profit Type: | Earnings Before Interest & Taxes (EBIT) |
| Fiscal Year: | 2009 |
| Asking Price: | Not Disclosed |