Business For Sale

Very Profitable Advanced Tooling Business

Not Disclosed, MI

West Michigan

Asking Price: Annual Revenue:
$1,850,000 $1,540,000

Manufacturing: Metal Products

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RE: Very Profitable Advanced Tooling Business Broker: Tim Carter
Owner Financing is Available!

Quick Facts

Asking Price: $1,850,000
Annual Revenue: $1,540,000
Net Profit: Not Disclosed
Cash Flow: $493,000
Total Debt: Not Disclosed
FF&E: $377,000
Real Estate: Not Disclosed
Year Established: 1988
Employees: 9
BBN Listing #: 109131216
Broker Reference #: TC1101818

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Business Overview:

Operating for over 30 successful years, this high cash flowing tooling business is going stronger than ever. Now, the current owner seeks to transition this outstanding business to only the third owner in the company’s history.

In 2017, the business recorded revenues of $1,540,000. SDE (normalized discretionary earnings for an owner-operator to pay himself and service debt) has averaged $493,000 annually over the past four years. The SDE figure is after a deduction of $30,000 for debt service on the real estate or for a fair market rent annually. (More than enough to service the debt service on the real estate which is valued at $335,000).

The attractive $1,850,000 listing price (a very attractive 3.75x SDE) includes all business assets excluding cash and receivables. Machinery and equipment have a fair market value of $377,000 based on a recent third-party appraisal and the addition of new machines purchased in 2018.

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Property Features and Assets:

The business is housed in an attractive 8,000 square foot facility, which is available for purchase separately. Recent upgrades to the facility include improved interior lighting and a remodeled break room. Located in a desirable west Michigan community the facility is situated on 2.5 acres so there is more than enough land to eventually expand the current building for additional manufacturing space.

Market Competition and Expansion:

The business employs eight skilled, loyal, non-union tooling personnel and serves an impressive customer base throughout the region. 2018 sales remain very strong with virtually no marketing effort. The company does not even have a website. Unsolicited calls from prospective new customers are a weekly occurrence – driven by word-of-mouth which reflects the company’s excellent reputation. And for the growth minded buyer the combination of sales and marketing efforts and the possibility of adding a second shift should combine for a meaningful opportunity.

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.

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