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Michigan Business For Sale |
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| MATERIAL HANDLING SYSTEMS & EQUIP MFG |
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| Attn: Bret Homovac |
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| Troy, MI, USA |
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| Asking Price: |
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$300,000 USD USA Dollars |
| Business for Sale Industry: |
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Manufacturing: Machinery |
| Reason for Selling: |
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Financial Distress |
| Year Established: |
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1953 |
| # of Employees: |
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8 |
| Yearly Cash Flow: |
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$75,000 |
| Yearly Gross Income: |
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$944,000 |
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Business for Sale Overview:
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Serving the Mid-West for over 55 years, the Company designs and manufactures automation and conveyor systems to customer specifications. Products include all types of conveyors, automation equipment, material handling systems, carriers, lift units, transfer units, feed and fixture tables, foundry equipment, storage systems, dumpers and hoppers, accumulators, indexing systems, centrifuges, shredders and chip handling equipment. The Company’s services include coordinating the design, fabrication, and integration of production equipment for general assembly plants. Customers are primarily Mid-West based manufacturers.
Highlights:
Founded 1953;
Primary Sic Code 5084;
Registered ISO 9001;
Authorized vendor to automotive OEM’s NOL carry forward available - $740,000.
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Property Features and Assets:
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The Company operates in a modern 13,800 square feet leased facility that is comprised of 10,000 square feet of manufacturing, 2,200 square feet of engineering and 1,600 square feet of office space. Operations can be moved and consolidated with another manufacturer to save over $100,000 in facility expenses per year. |
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Market Competition and Expansion:
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This business acquisition offers entry to an established customer base and the opportunity for an existing manufacturer to eliminate significant overhead by integrating the Company’s established accounts into their current operations. The Company is owned and controlled by the President who wishes to support new ownership to grow the business in new markets and continue servicing the Company’s loyal customer base. |
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Additional Details:
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- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is a distressed business or bankruptcy situation.
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