Status: Off The Market
After 30 successful years, the founder/owner/seller of a high cash flowing machine shop is looking forward to retiring after he sells his business to a new owner/operator.
Located in an attractive 10,000 square foot building (included in the sale) in a desirable community in West Michigan with easy access to major markets, the business regularly records revenues in the $700,000 range. More importantly, seller’s discretionary earnings (SDE) average $200,000 annually with a forecasted 2010 SDE of nearly $250,000. Even in 2009, a significant down year for the industry, this business generated $150,000 of SDE.
Included in the sale of the business is the real estate (current market value of $200,000) and $300,000 of equipment (value in place) which includes six CNC machines. The $895,000 listing price of the business includes the $500,000 of assets, and enterprise value of only 1.6x 2010’s SDE. And for an undercapitalized, but otherwise qualified buyer, the seller will carry a meaningful $200,000 seller note. As part of the purchase price, the seller will stay with the business for a reasonable period to help the buyer with the transition to new ownership.
The business employs 3-5 non union personnel and serves a non automotive, regional base of impressive customers who find their way to this business through positive word-of-mouth. There are no sales reps, and the owner does not reach out to prospective new customers…the business does not even have a website. Clearly, there is lots of growth potential for this single shift operation.
To learn more about this attractive business opportunity, please contact us.
Manufacturing Businesses For Sale
Machine Shops For Sale
Michigan Businesses For Sale
Grand Rapids Businesses For Sale
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|Classification:||United States // Midwest States // Michigan // Grand Rapids|
|Sales:||Between $500 Thousand And $1 Million ($700,000)|
|Profits:||Between $100 Thousand and $500 Thousand ($180,000)|
|Profit Type:||Seller's Discretionary Cash Flow (SDCF)|
|Asking Price:||Between $500 Thousand and $1 Million ($795,000)|