Business For Sale

Niche Market Forging Company

Not Disclosed, IL
Cook County


Asking Price: Annual Revenue:
$1,850,000 $2,793,746

Manufacturing: Metal Products


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RE: Niche Market Forging Company Broker: David Burchert

Quick Facts

Asking Price: $1,850,000
Annual Revenue: $2,793,746
Net Profit: Not Disclosed
Cash Flow: $174,311
Total Debt: Not Disclosed
FF&E: $500,000
Real Estate: Not Disclosed
Year Established: 1945
Employees: 16
BBN Listing #: 941744552
Broker Reference #: 5717-80187

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Business Overview:

Forging company the creates the precision forged metal parts used in demanding applications to a diverse customer base.

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Property Features and Assets:

Niche market forging company that has been providing brass, bronze, copper and aluminum forgings since 1946. Privately owned company with the second and third generations presently managing it on a daily basis. Parts manufactured over the years include valve bodies, switch gear, plumbing hardware, environmental controls and safety, medical and welding equipment. The two manufacturing buildings total 17,000 SF and contain 9 forging presses ranging from 250 tons to 700 tons and two tumble burnish machines and one tumble blast machine which are used for the standard surface finish on all orders. The shop is managed by 2 foreman and 9 production workers which are all members of Local 30 with the union contract negotiated thru 4/20/2020. Purchase price includes 2 buildings valued at $450,000 with 12,200 Square Feet and 4,800 Square Feet of space respectively and located within a close proximity to each other. FF&E valued at $500,000 and inventory valued at $150,000 are also included in the sale.

Market Competition and Expansion:

This is a competitive industry but forging has unique value among manufacturing processes. The products of the forging industry are essential to the U.S. industrial economy, to its society, and to its national security. Forging imparts advantages that few processes can duplicate. Showing Comments Contact David Burchert. Potential Growth Increase hours of operation to include a second shift.

Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is not 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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