Long Established Manufacturing Business In Central NJ For Sale

Business description

Central NJ based Manufacturer available. 10,000 square foot plant with metal machinery-Milling machines, lathes and large hydraulic presses and power presses.
This company was founded over 50 years ago in Newark NJ. Over the decades they have manufactured many different items including truck brake shoes, bonding work, lawn and garden equipment and many other items.
Presently the company manufactures most of its' own line of produscts within the lawn maintenance field. Company has fast moving inventory of finished goods on hand along with proprietary products.
Unique opportunity as an add on to existing manufactured lines and/or to expand business and grow other products company has manufactured in the past.
Seller wishes to retire.
The equipment list alone exceeds the asking price.

Property information

Real Estate:

Real Property Included

Location:

Business is located in a large 11,000 square foot plus, free standing building on a major thoroughfare.Seller wishes to sell building and property as well.
Lot is 1.5 cares and building is approx. 11,000 square feet.Building is one level.Spacious nice offices adjacent to factory floor.

Premises details:

Seller wishes to sell building and land as well as

Other information

Expansion potential:

Huge.Business could develop former lines that have been overlooked in recent years when Seller was not in the day to day operations for 4 years.
Company worked for Pharmaceuticals, automotive/truck manufacturers in brake shoe manufacturing along with clutch and transmission plates.Company also performed extensive bonding work.They have large welding area for their own line of lawn and garden products-largely commercail and resistant to economice conditions.

Competition / Market:

Minimal.Unique niche manufacturer.

Support & training:

Seller will provide extensive training. Amount ot be determined.

Reasons for selling:

Seller, although sharp and fit, is advanced in age and wishes to retire.He came out of retirement to operate business after 4 year absence and lackluster management by others.

Trading hours:

Monday through Thursday 7-4PM.

Furniture / Fixtures value:

$310,000 (included in the asking price)

Inventory / Stock value:

$40,000