Business Overview:
This company excels at assembling, joining and strengthening metal components for its customers. It has been serving a diverse number of industries since 2000. Over the past 7 years, it has strengthened its internal operations with a move and expansion from 2015 to 2018. It runs 6 belt furnaces seven days a week, 3 shifts on weekdays and 2 shifts on weekends. It has weathered competitive pricing and COVID to come out a stronger more resilient company. In recent years, it has endured difficult market conditions caused by COVID while two key competitors have exited the brazing business. This is an industry where technical process knowledge and expertise in equipment maintenance and operations is in short supply while demand is strong. The company has a small fleet of trucks to deliver parts to key customers in 24-48 hours. The company is ISO certified and its commitment to quality, reliability and consistency make it an emerging leader in the field in the Midwest region. It has been able to increase its customer base and increase prices, and is focused on continued growth through additional furnace capacity at its current facility. The two owners have positioned the company well for an exit and will continue to grow it. One owner is interested in remaining with the new company and the other owner is available for a smooth transition over several months.
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Property Features and Assets:
The business operates in a 32,000 square feet facility on 2.8 acres. The real estate is owned by the majority owner of the company. The real estate is not included in the price of the business, but is available for lease or purchase with a list price of $2,800,000.
Reason for Selling:
Exit plan for partners.
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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