Business Overview:
This company manufactures niche welded steel products that allow ranchers or farmers the ability to use their pick-up or farm truck for handling and transporting large bulky bales with ease. In business for 20 years, this company has established itself as a recognizable brand, and has highly satisfied customers. This would make a great acquisition as a stand-alone company, or to be integrated into a similar manufacturing environment, especially fabricated metal products. With this company’s recognition and customer base over 20 years, this would provide a great platform for a motivated owner to add new products. Pro-forma revenues are strong, averaging approximately 30% annually, with the addition of 1 or 2 salespersons, and expanding into untapped geographical markets.
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Property Features and Assets:
The facilities are owned by a principal of the company and the owner is willing to lease the facility, or the buyer can relocate if desired. All equipment, jigs, and inventory goes with the sale.
Market Competition and Expansion:
This is a relatively niche market with limited competition. This company has developed a good reputation and following, and stands out among its competition.
The Company is poised for significant growth by simply adding one or two sales personnel, with minimal funds needed in capital expenditures. The owner estimates the company can achieve approximately $4.3 million in revenue with a corresponding cash flow if approximately $1 million in just three years with the right steps.
Reason for Selling:
No longer motivated after 20 years.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.