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Thursday, July 28, 2016

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Manufacturing and Engineering Firm

The company is a forty-five year old manufacturing and design engineering firm headquartered in Southern California. The company is a precision machine manufacturer and distributor of custom stainless steel and metal storage tanks, autoclaves, fittings, heat exchangers, and vacuum chambers. In order to produce these products, the company must have well qualified engineers and welders, as well as state of the art equipment. The company maintains extremely high quality control standards which enable them to secure larger projects with greater margins. With its unique capabilities, the company cultivates long-term relationships with its clients by delivering quality products on-time for a premium price.

The owner has been involved in the business for twenty- three years and is willing to stay and help the new owner manage the company. The equipment, inventory, accounts receivable, and customer base are the primary assets. The owner is willing to finance a substantial portion of the purchase price. The business facility is approximately 28,000 square feet, which includes 2000 square feet. Of office space and loading doc. The company owns the building and land; and according to the ownership, a long-term lease is available with options to renew. The lease expense is approximately 14,000 per month and the facility is in good condition. The location is near a major freeway and is zoned for commercial and industrial use.

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