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Business For Sale
WORLD RENOWNED MANUFACTURER OF FOUNDRY EQUIPMENT
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Asking Price: |
Not Available |
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Business for Sale Industry: |
Manufacturing: Machinery
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Year Established:
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1940 |
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# of Employees:
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9FT/1PT |
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Yearly Revenues:
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$3,050,000 |
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Yearly EBITDA:
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$286,000 |
Business for Sale Overview:
The March Group, LLC currently represents a leading machinery designer, manufacturer and consultant for centrifugal casting equipment and auxiliary foundry equipment. Founded almost 70 years ago by the universally acknowledged pioneer in the field of casting machine design, the company possesses decades of experience in machine design and manufacture in over 65 countries. ISO-9001 certified since 2000. Posted 2007 EBITDA of $286,000 on revenues of more than $3 million. Serves a global customer base, with 2007 revenue deriving from projects for firms in Russia and the Ukraine (53% of sales), North America (24%), South America (9%), Asia and India (9%), the Middle East (4%), and Western Europe. Clients are active in a diversity of markets including the petrochemical, steel mill roll, general foundry and non-ferrous industries. Company representatives attend a host of trade shows throughout the world, and the Company also maintains sales agents in China, Turkey, Argentina, Russia and the Ukraine. Although a majority of the Company’s business is for export, sales are invoiced in U.S. dollars to avoid exposure to currency risk. Provides training designed specifically for the needs of the customer in either the Company’s R&D facility or the customer’s own plant. Company management has identified China and India as the firm’s next growth markets. Elevated customer satisfaction, a superior reputation and the firm’s existing industry network are excellent predictors for continued success.
Property Features and Assets:
The company is currently housed in a 10,000 square-foot, leased facility. Management believes that the facility is sufficient to support growth projected through 2012.
Market Competition and Expansion:
Given the Company’s favorable reputation and proven capabilities, management is confident that stronger growth is achievable given more aggressive sales and marketing efforts in pursuit of new geographic and customer markets.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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