Business Overview:
The company distributes manufactured products throughout the U.S. and is located in a small town in the heart of the Midwest. The business began in 1902. For most of the 1900’s, the business provided products for industrial customers. Under new ownership in the late 80's, the business expanded and began serving residential and commercial clients, in addition to the long-standing industrial work.
Today, the company offers design, manufacturing and installation for its products. Industrial products continue to dominate performance, representing about 70% of sales. In addition, the business provides unique custom-made wood products for one-of-a-kind projects. A pool of talented employees includes designers, custom woodworkers, and carpenters. Together they provide expert attention throughout each project, creating happy, delighted customers.
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Property Features and Assets:
The facility is owned separately by the Seller(s) and has 4,000 square feet of showroom and offices with parking area and 15,000 square feet of manufacturing space (100% sprinkled) and 10,000 square feet of warehouse space. The Seller prefers to sell the building, otherwise, they will lease the facility for $7,250 per month on a triple net lease. If the buyer prefers to move the business to another location, there is a ready acquirer for the real estate.
Market Competition and Expansion:
According to a major research firm, there are 5,900 related manufacturers in the US employing more than 93,000 workers and generating over $14 billion in revenue annually. On average, capital expenditures nationally are primarily on machinery and equipment, and average 3% of annual revenue.
The opportunity for organic scalability and growth through acquisition is good, as the industry is fragmented with over 54% of establishments having less than 5 workers. About 59% of establishments are s-corporations, 16% are corporations, 9% are partnerships, and 17% are individual proprietors.
Reason for Selling:
Selling one of two businesses.
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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