Premier Manufacturing Company for over 80 years

Not Disclosed, WA


Asking Price: Annual Revenue:
$549,000 $871,640

Manufacturing: Metal Products


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RE: Premier Manufacturing Company for over 80 years Broker: Caroline Kelliher
Owner Financing is Available!

Quick Facts

Asking Price: $549,000
Annual Revenue: $871,640
Net Profit: Not Disclosed
Cash Flow: $202,618
Total Debt: Not Disclosed
FF&E: $200,675
Real Estate: Not Disclosed
Year Established: 1938
Employees: Not Disclosed
BBN Listing #: 453656533
Broker Reference #: 16971-489720

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Business Overview:

The business has been manufacturing insulated warehouse doors in the same location for over 80 years. Since 1938 the company has been recognized as the premier warehouse insulated door manufacturer for the Pacific Northwest and its doors have even been exported to Greenland, South Korea, Chile, Mexico and Canada.
Seller Financing is available. Experience staff in place ready for you to step right in. Seller willing to train 60 days no charge and for up to 2 years as a consultant.

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Property Features and Assets:

The business has been manufacturing warehouse doors in the same location for over 80 years. Since 1938 the company has been recognized as the premier fruit warehouse insulated door manufacturer for the Pacific Northwest and its doors have been exported to Greenland, South Korea, Chile, Mexico and Canada. The company is now operated by a second generation family member who carries on this quality manufacturing tradition. A review of the Washington Secretary of State website shows the business to be in good standing with the state of Washington.

Market Competition and Expansion:

This company is in a good position to continue as the premier manufacturer of controlled atmosphere warehouse doors. Currently, the only competition is from a company that imports parts from outside the continental U.S. and assembles them on site. These doors typically cost 100% more than the doors manufactured by this company. The Pacific Northwest agriculture industry has grown consistently for many decades. In 2016, agriculture represented $10.7 billion for Washington State. The economic forecast for the state has upward trends for real GDP and construction through 2023. This Company is situated to do well in this environment and with some technological updates, the company will be more profitable than it has been in recent years. The company has an opportunity to employ job costing to better track costs for each contract. Currently, labor is estimated at straight-time rates, but customer demands frequently require overtime hours. By addressing overtime issues in its contracts, the company will pass future overtime costs through to its general contractors. In addition to employing job costing for the purpose of passing through overtime costs, job costing will provide information to support an increase in the price of the doors. An analysis of costs and prices charged has not been done since 1992. According to the Bureau of Labor Statistics, the consumer prices index has risen 79.93% since 1992 but the price of the doors has not covered increased costs of materials and union labor. There is also an opportunity for the company to assess whether union labor is required at the level currently employed. By better tracking and understanding job requirements, it will be possible to limit union labor to those tasks that require that level of skill. The company’s worker’s compensation experience rating is favorable, as is its rating with Washington State’s Employment Security Division. There are no known new regulations or governmental requirements specific to the fabricating industry. There are no known lawsuits, claims or contingent liabilities.

Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • 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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