Business Overview:
Founded by his grandfather of the current owner, the company is located in a 15,000 sq. ft. manufacturing facility in Northeast Ohio. The company provides short, medium, and long-run precision stampings ranging in size from ¼” to 2’ in length. The company has tool and die making capabilities and provides secondary operations that include tumbling, grinding, sandblasting, tapping, reaming, resistance welding, riveting, and assembly. Metals that the company works with include cold rolled steel, hot rolled steel, brass, aluminum, copper, and beryllium copper. The company’s customer base includes approximately fifty customers, primarily in the appliance, electrical, and construction industries. The customer base is largely concentrated in Northern and Southern Ohio, though the company also has customers in Texas and Michigan. The customers include a number of Fortune 100 and major manufacturers. Many of the company’s customers have done business with the company for over 25 years, and the company enjoys a high percentage of repeat business. In addition, no single customer accounts for more than 15% of sales.
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Reason for Selling:
Retiring
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.