Reputed Heat Induction Equipment Manufacturer
Not Disclosed, MI Not Disclosed
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- RE: Reputed Heat Induction Equipment Manufacturer
- Contact: Kalyan Rachakonda
Quick Facts
| Asking Price: | $600,000 | |
| Annual Revenue: | $633,257 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $59,643 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $519,177 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1985 | |
| Employees: | 6 | |
| BBN Listing #: | 953032 | |
| Broker Reference #: | 60347-612090 |
Business Overview:
A reputed, long standing Heat Induction equipment manufacturer to the global automotive industry is up for sale. Real Estate is for sale but is not included in the price. The business has been in operation for over 30 years and has earned a solid reputation among the Automotive Industry including one of the Big 3 OEMs, and major Tier 1s in the Metro Detroit area.
The business holds a significant promise. Newly updated recent contracts with reputed automotive Tier 1s are bringing in recurring business. The business enjoys the loyalty of a competent workforce with an average tenure of over 5 years with the company. Any potential new buyer will need to add to the workforce and realize significant additional revenue.
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Reason for Selling:
Death of Principal of businessAdditional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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