Owner Financing is Available!
Business Overview:
With over 40 years of experience in manufacturing material handling equipment, the business provides custom-built conveying products to meet diverse customer needs and works with some of the largest companies globally. The business has tremendous opportunities for expansion and is looking for a buyer that will capitalize on these opportunities and continue its success. The business is profitable with gross revenue increasing 34% between 2009 and 2010 and an ~25% increase between 2010 and 2011. Due to its innovative products, the business services a wide range of industries, such as as assembly, bottling, distribution, food processing, packaging, pharmaceutical, post office, textiles, warehousing, and more. As the business spans across these varying industries, ownership has worked to keep a diversified customer base--no customer accounts for more than 10% of the business' revenue. Ownership is seeking retirement and is thus pursuing sale of the business, though is willing to stay for a transition period. Senior management is also experienced in all aspects of the business and will be able to provide support.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The business operates from a 20,000 square foot facility in Michigan. While their innovative products are unmatched in the industry, the most impressive asset of the business is their extensive customer list. The business has formed personal and long-term relationships with many companies. These include Amazon.com, Dell, DuPont, Heinz, Kellogg’s, Kraft, Nike, Siemens, Starbucks, T-Mobile, USPS, Walgreens, Wrigley, and more.
Market Competition and Expansion:
With its innovative technology and differentiated products, the business has a distinct competitive edge within the material handling equipment manufacturing industry. The business is looking to further develop their technology in order to cater to all customer needs. As mentioned before, there are also tremendous opportunities for expansion in order to continue growth. The facility is currently only operating at 50% and the number of clients they work with provide new distribution opportunities for potential buyers. The business' top line has potential of increasing dramatically with the right synergistic buyer.
Reason for Selling:
Retirement
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.