Business Summary:
This manufacturing firm has been in business for 22 years supplying stamped sheet metal parts for the lighting fixture industry, particularly the emergency lighting market. The firm owns a wide range of stamping presses, press brakes and spot welders to handle a variety of parts and processes. The also maintain a tool and die operation with the equipment to produce their stamping dies and fixtures. Secondary operations such as plating and painting are handled by outside vendors. Sales in 2010 are close to pre-recession levels after suffering a dip in 2009. They maintain excellent gross margins and are very profitable. This is an excellent opportunity for an individual seeking to enter the business or a company that wishes to expand their sales and earnings base and that will benefit greatly with the additional earnings derived by the overhead absorptions achieved with the acquisition.
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| Year
Business was Established: 1989 |
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| Number of Employees:
2 FT/ 1PT |
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| Facilities / Terms of Lease:
3500 square foot new industrial building with truck height loading dock, cement floors and 250 sq. ft. of office space |
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| Potential
Growth/Expansion:
The owner has never conducted any marketing or sought the services of outside sales support. All business has come word of mouth. The firm has enough equipment and capacity to support a higher level of sales. |
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| Competition:
The firm has long established client list that will stay with any new owner as long as they provide the same good service, |
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| Owner
willing to train:
Owner willing to stay on for an extended period of time and compensation is negotiable. |
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| Reason for selling:
Owner wishes to retire. |
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Seller Reference Number: 41980093
BusinessMart.com Listing Number: 88527 |
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