Union County B2B Custom Products Light Manufacturing Company For Sale

Business description

A well-established and very profitable manufacturer of custom made products located in Union County, NJ is for sale. The company was established in 1970 by the current owner, who is looking to retire. The company sells to major retail organizations with substantial capital and significant staying power, including Fortune 500 companies. It does not rely on the small retail business sector for its current or continued success. The operations are turn-key with tenured managers and a trained staff in place. Sales have increased over the last several years and into this year. Average recurring business exceeds 90% year over year. Turn-around time, customer service, and superior quality make the company a clear leader in its niche.

Property information

Real Estate:

Real Property Included

Premises details:

14,000 square feet of state-of-the-art production, warehouse, and office space. Real estate can be leased or purchased.

Size in square feet:

14,000

Business Operation

Reasons for selling:

Retirement.

Employees:

30

Years established:

41

Other information

Support & training:

The seller will provide adequate training and post-closing support. Longer term transitioning is negotiable.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

For a qualified and credit-worthy buyer, the seller will finance $700,000 over a 3 year term at an 8% interest rate.

Inventory / Stock value:

$100,000 (included in the asking price)

Lease asking price:

$2,350,000 (Furniture / Fixtures and Inventory / Stock included)