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Business For Sale

PRECISION INVESTMENT CASTINGS MANUFACTURER

Attn: Ken George
Grand Rapids Area, MI, USA
Listing Number: "N338-KG"
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Asking Price: $3,000,000 USD USA Dollars
Business for Sale Industry: Manufacturing: Metal Products  
Reason for Selling: Retirement
Year Established: 1961
# of Employees: 34 Full Time
Yearly Revenues: $2,600,000
Yearly Cash Flow: $350,000
 

Business for Sale Overview:

Precision Investment Castings Company - West Michigan. With more then four decades of experience in investment castings, this company provides engineering and tooling services to a vast array of industries: food processing, aircraft fuel line fittings, ordnance, pump parts, cryogenics, military security hasps, medical, crane & hoist, marine hardware and valves. An in-house tool and die facility working closely with the engineering staff enables the fastest print to casting turn around time in the industry. The owner started the company and up until the last few years has been actively involved in the maintenance, management and growth. The owner has now decided to retire and a new buyer will find that the business, although mature, is by no means old and is read and able to adapt and meet the demands of a new owner. Normal work force averages 32-34 full time and 1 part but varies depending on work load. The business operates in a 34,300 square feet industrial facility, including 2,380 square feet of office area. The advantages of investment castings over other machining, forgings and other casting choices are numerous and uniquely position’s the new owner of this business to increase its market share. Investment castings give: Most complex shapes possible by any manufacturing means; Lightest parts for a given design; Highest strength performance; Most material choices; Best dimensional control of any casting technique; Low tooling costs; Advanced prototyping solution. Building upon a loyal and diverse client base, referral business has been the primary source of growth. However, a buyer with a desire to market the business will find much greater potential. Currently, the business has not attempted to benefit from any advertising campaign, relying only upon referrals.


Property Features and Assets:

34,000 square feet building included in sale price.


Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • The owner is not 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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