Business Summary:
This seven year old, successful niche manufacturer has consistently recorded sales exceeding $4.0 million while boasting an annual SDE (seller’s discretionary earnings) exceeding $400,000. For the first half of 2009, annualized revenues surpassed $4.5 million with a very impressive $900,000 annualized SDE.
Operating out of a newer, attractive 20,000 square foot manufacturing facility which sits on an eight acre site in an industrial park in southern Michigan, this company has already earned an ISO 9000 designation.
The core business is designing and building returnable shipping containers for the auto industry. With specialties in metal fabricating and robotic welding, this business boasts over 25 customers. The business has either tier one or tier two status with all Big Three auto companies as well as some of the new domestics.
The company has over 40 skilled and experienced employees including engineers and successful direct sales people, all of whom look forward to continued growth with a new owner. The business has always taken a “low key” approach to sales and as such has never even had a website.
The business, which comes with $500,000 of equipment and $500,000 of inventory, is being offered at $3.2 million. Meaningful seller paper is available to qualified buyers. In addition, the real estate, also owned by the seller, is available separately for $900,000.
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