Business Summary:
This small manufacturing company produces custom machinery for small slipform pavers which are used for curbs and gutters, channels, sidewalks, and small barriers. Perfect for a first-time business owner as it has been established since 1990, and serves a nationwide client base - primarily selling to general contractors and direct to cities and municipalities. The company is located north of Charlotte, North Carolina. This business employs a small team of three employees, including the owner who serves as the President of the company. The team also includes a full-time flexible shop technician and a welder. They work in a 7,500 sq. ft. manufacturing shop where the owner is actively involved in the business on general oversight, quality control of finished products, and financial oversight. The owner is selling the business to plan for retirement as they approach their 70s. The seller has offered to provide training to the buyer for a period of six months to one year depending on their capabilities and in order to sweeten the deal, they have offered to carry 10% of the purchase price. There are several growth opportunities available for the new owner to explore. These include increasing production by onboarding additional staff members, and creating a marketing strategy to increase brand awareness and attract new clients. The seller has indicated that they are attending a convention in Paris France this year in order to market their name to contractors overseas! Priced at $590,000, this business is a well-established manufacturer of high-quality slipform pavers with a nationwide client base. A 10% down payment of $59,000 returns $97,361 in the first year after debt payments!
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