No Automotive Customers—Very Diverse Customer Base. This profitable smaller job shop foundry is just right for an owner/operator who wants to grow a business. A new opportunity has presented itself for the company to run its own proprietary parts. These parts are needed by every village, township, city, county and state in North America; and this new line should increase the company’s revenues and profits significantly. Parts currently produced include vacuum sweeper components, solar panel brackets, oil field wrenches, pulleys, hydraulic pump adapters, well caps, gear boxes, and motor end plates.
The current owner is in his 70's and hasn't actively advertised or promoted the business for ten years. Yet this company had over 30 active customers in 2008 (no proprietary work in 2008 or as of 6-30-09) and ran dozens of different parts. The work force is experienced, local to the plant, and non-union.
Terms: SBA 7a lenders have expressed interest in financing this deal for a qualified Buyer. For a Buyer with good credit, the Seller may carry part of the purchase price at a low rate of interest with balloon payment at end of 5 years.
Facilities: Near a major highway and in close proximity to major industrial cities. .64 acres includes older frame and concrete building consisting of approx. 9,460 sq. ft. Annual Real Estate Taxes are $2,444.
Mkt. Outlook/Competition: This industry is projected to grow at a 4.4% annual rate through 2012. |
