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Listed by:

Purcell Associates LLC

Broker license number: 3110000035

Long Established Precision Metal Manufacturing Company For Sale

Chicago, Illinois
Asking Price:
$825,000 (USD)
Sales Revenue:
$1,436,118 (USD)
Cash Flow:
$128,467 (USD)

This long established precision metal manufacturing company enjoys a reputation for quality products and on-time delivery. Retention of established clients is extraordinarily good. This firm's base continues to grow with additional divisions of existing customers placing orders and new clients coming on board.

Long term, skilled employees, good systems in place, and well maintained equipment complement the package.

Revenues and earnings are on the rebound.

Gross Revenues for the Fiscal Year ending August 31, 2014 were $1.333.062 with revenues totaled $1,254,403 with Seller Discretionary Earnings of $207,420. In the last three years Discretionary Earnings to an Owner Operator have ranged from $244,882 to $132,937.

This company generated $1,436,118 in revenues in their most recent fiscal year (September 1, 2015 through August 31, 2016). This is a definite increase from the revenues for the company's fiscal year ending August 31, 2015, when revenues totaled $1, 1,254,403.

Property information

Real Estate:

Lease

Lease Terms:

The lease can be terminated without penalty by November 31, 2016. If it is not terminated, it will automatically be extended for another five year term.

Location:

The location affords easy access to multiple major highways, facilitating customer and vendor deliveries. The Owner estimates the company could be relocated within a 25 mile radius of its current site.

Premises Details:

The facility offers quality office space combined with a manufacturing plant designed to support both the power requirements and the weight of the equipment. Relocatable!

Business Operation

Expansion Potential:

Industry reports forecast growth over the next five years for metal manufacturers.

Competition / Market:

This company continues to serve long term, existing customers while adding new firms to its existing customer base. Competition may have decreased somewhat due to the recent recession. The Owner believes the majority of this firm's competitors survived due to the very nature of the specialized, close tolerance, metal manufacturing they produce. The typical machine/job shop does not fall into the category of competition.

Reasons for selling:

Retirement

Employees:
12
Years established:
1955

Other Information

Support & training:

The Owners will provide training and transitioning for one month as part of the purchase price and consider working for the new Owner for six to twelve months with a satisfactory employment agreement.

Furniture / Fixtures value:
$680,465 (USD)
Inventory / Stock value:
$59,000 (USD)
Relocatable:
This business can be relocated.

Contact Information

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