Manufacturing Innovative Long Lasting Products For Industrial Industries For Sale

Business description

This fine manufacturing company was originally started in 1947 and bought by the present owner in 2004. This wonderful company has built its reputation by building top quality, powerful, durable industrial equipment. They believe their products offer a higher return on their customer’s investment because they require less maintenance, last longer, and perform better than the competition. The company has a patented belt slitter and is an authorized seller of Permco Hydraulic Products. This wonderful business could be operated “hands on” or “absentee,” call today for more details!
This wonderful opportunity exists with this business to expand the current operations and diversify into other areas of manufacturing. This profitable business is over 50 years old and currently has clients in Canada and all over the US. The employees are well trained in product knowledge and can work managing themselves. Their flexibility is evident by the diversity of their products. They build medical equipment, rubber belting machinery, tools for hydraulic hose, heaters for the airline industry, and provide painting services for construction rental equipment companies. Rather than offering "catalog" items that evolve slowly in industry, they tune their products to the customer's needs.
The products and services this company offers are as follows: Coldbuster heaters, conveyor belt slitters, digital x-ray stands and skiving tools. They also offer custom painting, assembly services and custom design for critical projects.

Property information

Real Estate:

Lease

Premises details:

This 2 story building is 10,000 sq ft, in good overall condition with a parking lot. The facility includes 4 offices totaling 524 sq ft; the fourth office is used for storage. There is a 8,800 sq ft Shop and a mezzanine above the offices include a 400 sq ft staff area and small tooling. There is also an electrical work area . The business could be relocated anywhere! All equipment, inventories and a 1995 Ford F150 are included in the asking price.

Other information

Expansion potential:

Currently they have no strong US sales agent, and adding a strong one with established industry contacts would greatly enhance sales and profits. Having this sales agent establish access to US military contracts would also be of great value. Revamping website and getting website posted on industrial search engine like Thomas directory, would also increase exposure of products. Also, expanding sales into Europe and Asia is an opportunity, and attending X-Ray trade shows for medical stands sales expansion.

Competition / Market:

Customer satisfaction is paramount to this company and they take great pride in their products and services

Support & training:

All employees are most likely willing to stay on after the transitioning. Owner will stay for a reasonable transition & may consider working as an employee.

Reasons for selling:

Would Rather be an employee.

Trading hours:

Days: Monday - Friday
Hours: 6:30am - 5:00pm

Owner financing:

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

Financing available:

10% financing available

Furniture / Fixtures value:

$175,000 (included in the asking price)

Inventory / Stock value:

$175,000 (included in the asking price)