Highly Profitable Metal Fabrication Company

Not Disclosed, MI
Macomb County

Adrian


Asking Price: Annual Revenue:
$1,890,000 $2,400,000

Manufacturing: Metal Products


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RE: Highly Profitable Metal Fabrication Company Broker: Glen Toadvine
Owner Financing is Available!
The seller will provide a meaningful note to the buyer.

Quick Facts

Asking Price: $1,890,000
Annual Revenue: $2,400,000
Net Profit: Not Disclosed
Cash Flow: $610,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1980
Employees: 14
BBN Listing #: 618663847
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

For over 40 years this outstanding Southeast Michigan business features a highly productive workforce and an attractive long-term, diverse customer base.

The majority of the company’s revenue is producing weldments, consisting of fixtures, structural frames, prototypes, and low volume production assemblies. Many of the products are used in the automation of manufacturing processes, going to machine builders that serve the automotive, and other industries. Product complexity and holding tight tolerances, are considered a strong suit of the company. Part size range from just a few pounds, to up to 30,000 lbs. and 22 ft long. Typical turnaround time is 2-3 weeks, keeping backlogs to a minimum.

The owner and long-term key staff members run the overall daily activities, including quoting, and customer service.

Equipment includes a host of modern cutting equipment which includes CNC plasma cutter, weld gas delivery system, saws, welders, and other support equipment.

Given the high level of profitability the business, it is eligible for an SBA back business loan which would require 10% buyer cash, plus an equal amount from the seller. Cash available after debt service to the seller and bank would leave the buyer about $320,000/year for salary and benefits. If the building and the business were to be purchased and wrapped under the business loan with a longer combined amortization, the cash available after debt service would rise to about $430,000/yr.

This business requires a lower-than-normal working capital and future CAPEX than a typical manufacturing business allowing to owner to benefit from lower operating costs.

The owner is welcoming retirement after 50 years of working and is willing to remain post-close in order to facilitate a seamless transition to the new owner.

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Property Features and Assets:

The business is in an attractive 20-year-old 20,000 square feet building which is under the same ownership as the business. The construction of the building is block and is heavily craned over the production areas. The owner is will to either lease or sell the building, the estimated value of the building is $2.0 million.

Market Competition and Expansion:

The company has no sales or marketing, activities, all work is from long-term customers and referrals, reliability of pricing, and quick turn-around are the companies strengths.

Reason for Selling:

Retiring

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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