Straightforward operation / niche manufacturing business supplying high-performance threaded fasteners to the motorsports industry.
Wayne County

Price is firm and min $250K down is required.

The company manufactures parts for high performance automotive engines. Its international customers require higher quality threaded fasteners. All the engineering has been done over the years and the operation is primarily a manufacturing and fulfillment operation.  At its peak, revenue was near $200K and SDE near $100K. The owner does all of this himself in 20 hours or less per week due to his limited ability to work longer hours. Recent financial performance has declined due to health, but customers will come back as they are hobbyists willing to pay for his premium parts. He does no selling or advertising and is continually working on back orders. This offer includes:

• 32 years of goodwill and brand recognition

• All assets outlined on the asset list

• Considerable excess production capacity

• 3 weeks of training included up to 20 hrs/wk

• Ongoing guidance and support as needed

• International customer base

• Back-orders

• Performance based on zero employees

• Performance based on less than 20 hrs/wk by owner

• Non-compete - owner retiring

• Revenue trending back up

Past revenue was higher when the owner had employees, but the owner has chosen to run this as a one-man show with no employees for many years. The ideal Buyer will have or hire personnel capable of centerless grinding and operations support (thread rolling, part blanking, etc.). The owner estimates the current equipment is at 35% capacity, so a new owner could triple the business without adding equipment. Once at full capacity, the bottleneck is grinders. Smaller grinders could be added for $25,000 which would then double the capacity yet again. Current inventory at wholesale is ~$20,000. This does not include additional work in progress or raw materials (steel).

Opportunities for Growth

• Hire staff: centerless grinder and operations support (thread rolling, part blacking, …)

• Have parts on the shelf versus the current 6 month lead times

• Develop a parts catalog online

• Enable online ordering

Marketing & Sales Opportunities (once production is increased)

• Update web site

• Attend pertinent trade events

• Evaluate opportunities for advertising

• Evaluate opportunities to work with manufacturer’s reps

• Highlight differentiation versus high volume competition

• Optimize current customer mix of retail (~40%) and distributors (~60%)

• Consider commercial customers at higher volume/lower margins


Número de listado:

21253

Categoría:

Manufacturing

Ubicación:

Wayne County
$375,000

Información financiera:

Ingresos brutos:

$0

Precio listado:

$375,000

Depósito:

$0

Ingresos totales:

$0

Año Establecido:

1989

Información de arrendamiento:

Pies cuadrados:

3200

Renta Total:

$1,667

Vencimiento del arrendamiento:

11/2022

Opciones de arrendamiento:

N/A

Información de activos:

Mejoras arrendatarias:

$0

Equipos / Accesorios:

$200,000

Inventario:

$25,000

Otros activos:

N/A

Información adicional:

Empleados de tiempo completo:

0

Empleados a tiempo parcial:

0

Licencia especial requerida:

none

Personal contratado:

0

Periodo de entrenamiento:

3 weeks

Razón de venta:

retirement

Hello World

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La información contenida en este documento se recibió del Vendedor y se considera confiable pero no está garantizada. First Choice Business Brokers (FCBB) ha confiado en que el Vendedor proporcione los detalles anteriores y NO ha verificado esta información. FCBB no es responsable y NO garantiza ninguna declaración, proyección o información proporcionada por el Vendedor. El Usuario/Comprador será el único responsable de la verificación de las ganancias y operación comercial del Vendedor. Al aceptar este documento, el Comprador/Usuario acepta que toda la información aquí contenida es estrictamente confidencial y no será revelada a ninguna otra parte sin autorización previa por escrito. El Comprador/Usuario confirma y comprende que FCBB NO ha realizado una investigación independiente del negocio o las cifras citadas en este documento. FCBB recomienda encarecidamente que un Comprador busque asesoramiento legal y contable antes de comprar un Negocio. Cualquier cambio en la información anterior requiere la aprobación por escrito tanto del Vendedor como de FCBB. Cualquier cambio realizado en este documento sin la aprobación de FCBB y del Vendedor no es válido.

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brokerPhoto
Ken Lee
Office: (248) 218-2630 | Cell: (248) 218-2630
License #: MI 6505426729

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Ver otros listados

Straightforward operation / niche manufacturing business supplying high-performance threaded fasteners to the motorsports industry.
Wayne County

Listing Number:

21253

Category:

Manufacturing

Location:

Wayne County

Listed Price:

$375,000
brokerPhoto
Ken Lee
Office: (248) 218-2630 | Cell: (248) 218-2630
License #: MI 6505426729
Price is firm and min $250K down is required.

The company manufactures parts for high performance automotive engines. Its international customers require higher quality threaded fasteners. All the engineering has been done over the years and the operation is primarily a manufacturing and fulfillment operation.  At its peak, revenue was near $200K and SDE near $100K. The owner does all of this himself in 20 hours or less per week due to his limited ability to work longer hours. Recent financial performance has declined due to health, but customers will come back as they are hobbyists willing to pay for his premium parts. He does no selling or advertising and is continually working on back orders. This offer includes:

• 32 years of goodwill and brand recognition

• All assets outlined on the asset list

• Considerable excess production capacity

• 3 weeks of training included up to 20 hrs/wk

• Ongoing guidance and support as needed

• International customer base

• Back-orders

• Performance based on zero employees

• Performance based on less than 20 hrs/wk by owner

• Non-compete - owner retiring

• Revenue trending back up

Past revenue was higher when the owner had employees, but the owner has chosen to run this as a one-man show with no employees for many years. The ideal Buyer will have or hire personnel capable of centerless grinding and operations support (thread rolling, part blanking, etc.). The owner estimates the current equipment is at 35% capacity, so a new owner could triple the business without adding equipment. Once at full capacity, the bottleneck is grinders. Smaller grinders could be added for $25,000 which would then double the capacity yet again. Current inventory at wholesale is ~$20,000. This does not include additional work in progress or raw materials (steel).

Opportunities for Growth

• Hire staff: centerless grinder and operations support (thread rolling, part blacking, …)

• Have parts on the shelf versus the current 6 month lead times

• Develop a parts catalog online

• Enable online ordering

Marketing & Sales Opportunities (once production is increased)

• Update web site

• Attend pertinent trade events

• Evaluate opportunities for advertising

• Evaluate opportunities to work with manufacturer’s reps

• Highlight differentiation versus high volume competition

• Optimize current customer mix of retail (~40%) and distributors (~60%)

• Consider commercial customers at higher volume/lower margins


Financial Information

Gross Revenue:

$0

Listed Price:

$375,000

Down Payment:

$0

Total Income:

$0

Year Established:

1989

Lease Information

Square Feet:

3200

Total Rent:

$1,667

Lease Expiration:

11/2022

Lease Options:

N/A

Asset Information

Leasehold Improvements:

$0

Equipment / Fixtures:

$200,000

Inventory:

$25,000

Other Assets:

N/A

Additional Information

Full-Time Employees:

0

Part-Time Employees:

0

Special License Required:

none

Contract Staff:

0

Training Period:

3 weeks

Reason for Selling:

retirement

First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


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