Business Overview:
This business grinds, dries and packages silicon metal fines for use in refractories.
Established and profitable for over 30 years, the production facility is located in Southern Ohio, but the seller currently manages the business from his home in Florida. A new owner could replicate this model and manage the business remotely from anywhere with an internet connection.
Over the past decade the business has consistently exceeded $1 million in revenue with strong margins and significant cash to the seller. Demand for the product continues to be strong, and 2022 revenue is anticipated to top $1.7 million with Seller’s Discretionary Income in excess of $675,000. The seller has already secured orders for 2023 allowing the company to replicate 2022 results.
The purchase price for the business assumes a buyer will lease the site from the seller.
The seller is open to signing a consulting agreement with the buyer to provide assistance as needed for up to a year after the date of the sale in order to allow time to effectively transition vendor and customer relationships.
Seller financing for up to 25% of the purchase price will be considered for qualified buyers.
Growth & Expansion Opportunities: Historically the business also produced ferro silicon for use in the steel industry. A new owner could start this production back up to quickly expand the business.
Investing in additional sales efforts through actions such as hiring a salesperson, and building a website to make the company more visible to businesses in need of their product would also generate additional opportunities for a buyer.
60x200 foot production warehouse as well as numerous storage buildings. Plenty of room for current needs plus space for expansion into new product offerings.
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Reason for Selling:
Retirement
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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