Production Metal Engineering and Manufacturing Co.

Not Disclosed, MI

Central Michigan

Asking Price: Annual Revenue:
Not Disclosed $4,528,423

Manufacturing: Metal Products

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RE: Production Metal Engineering and Manufacturing Co. Broker: Max Friar
Owner Financing is Available!
Limited Seller-Financing Available for Qualified Buyers.

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $4,528,423
Net Profit: Not Disclosed
Cash Flow: $481,686
Total Debt: Not Disclosed
FF&E: $2,017,250
Real Estate: $1,250,000
Year Established: 1946
Employees: 28
BBN Listing #: 539245079
Broker Reference #: 125

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Business Overview:

This opportunity is a production metal engineering and manufacturing company that offers a wide variety of products and services, including but not limited to the design and production of rod, wire, and tube formed products servicing the lawn and garden, automotive, industrial, and other industries. The Company has the capabilities of machining, cold heading, threading, welding, forming, coining, and more. All tooling is designed and built in-house, including single hit and transfer dies, CNC fixtures, multi-slide, and custom automation/dedicated high volume machinery.

The Company was founded over 75 years ago and was purchased by the current Owners in 2012. The Owners are actively involved in the Business; both are on roughly a full-time basis, but they mutually agree that each of their individual roles could be completed in less than 40 hours per week by each of their replacements. One Owner leads the engineering of the Company’s products, and the other Owner oversees all job quoting and purchasing of raw materials. Both Owners are willing to negotiate a solution to train either new Owner(s) or new management.

The Company currently operates out of two facilities, one of which is owned through the Owners’ real estate holding entity while the other is leased by the Company. Both facilities are utilized by the Company for all purposes related to the Business’s operations. Each of the buildings have been recently renovated within the last decade and are structurally and visually well-maintained. The facility owned by the Owners has an estimated real estate value of $1,250,000. Ownership is flexible regarding the sale or lease of the real estate.

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Property Features and Assets:

The Company operates out of two facilities, with the first encompassing approximately 41,880 square feet and the second approximately 12,000 square feet. In total, there is 5,860 square feet of office space, while the remaining 48,020 square feet is utilized as plant space. Both buildings are in good condition from an interior and exterior perspective, as regular maintenance and upkeep have been a priority of the Owners. Each of the buildings contains 480V electrical service throughout to support the Company’s equipment and machinery. The larger facility contains four bay garage doors to fulfill all shipping and receiving activities of the Company. One facility is owned through the Owners’ real estate holding entity, while the other facility is leased through a 3rd party. Ownership is flexible to sell or lease the owned facility to the new Owner(s).

Market Competition and Expansion:

Investment Highlights Include: (1) All Operations Completed In-House: The entire process of transforming raw materials to finished products is completed in-house by the Company, including design, engineering, production, and finishing of parts. Keeping these processes in-house rather than outsourcing them allows the Company to be competitive in the marketplace. (2) Innovative Techniques and Equipment: As the Company designs and builds all necessary tooling attachments for machinery and equipment in-house, the Company has developed a sustainable competitive advantage as competitors have a hard time matching the Company’s customization and quality control capabilities. Quality is held to the highest standard, as proven by the Company’s defect rate of zero parts per million (PPM) with the Company’s largest customer. (3) Assurance of On-Time Deliveries: The Company prides itself upon meeting all deadlines associated with customer deliveries, which many competitors are unable or fail to do. Furthermore, the Company has met all deadlines without requiring any expediting of orders. (4) ISO Certification: The Company’s quality management systems have been assessed by a 3rd party ISO registrar, who has certified that the Business is compliant with ISO 9001:2015 standards. This certification was recently renewed and is valid until late 2024. Growth Opportunities Include: (1) Opportunities in New Product Markets: The Company’s current capital, machinery, and equipment are extremely versatile, allowing for the production of nearly any part within any industry desired. (2) Implementing Second and Third Shift Production Schedules: The Company currently only operates with one production shift. Establishing second and third shift production schedules could drastically increase the Company’s capacity. (3) Reshoring of Parts from Oversees: The production of many parts which were previously produced by lower quality, less expensive foreign suppliers is currently returning to the United States. The Company could capture much of this business with the Company’s reputation for unmatched quality at affordable price points.

Reason for Selling:

Retirement, other business interests.

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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