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Niche Manufacturing Business: $290k+ Earnings For Sale

New York
Asking Price:
$924,900 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$464,000 (USD)
Cash Flow:
$287,310 (USD)

• The company specializes in contract manufacturing of specialty parts, hermetic packages and quick turn prototypes.
• Gross margins are extraordinarily high; over 89% average for the past two years. Seller’s discretionary earnings averaged $293K on sales of $465K+ over the past two years.
• The company has several offerings, some of which few other companies can provide.
• Customers are generally loyal, long term relationships with private & public companies. The company usually needs to be qualified as a supplier of unique parts, which provides competitive insulation.
• Industries Serviced: Defense, Aviation, Photonics, and Industrial

Property information

Real Estate:

Lease

Lease Terms:

The gross rental rate for the space is $1,488.30 per month with an annual rent of $17,860.

Leasehold Rent:

$17,860 (USD) per annum

Location:

The location is in an industrial section of a medium-sized city. The location is secure and offers proximity to labor resources.

Premises Details:

Facilities are neat and clean and were custom designed for the company’s needs. Additional space should be available when further expansion is required. Ample parking available.

Business Operation

Expansion Potential:

There is ample existing capacity to support incremental sales. The seller, who is looking to retire, has not been focused on pursuing new opportunities. A renewed focus on business development to grow the business will require greater time and perhaps money to be successful. With gross margins over 88%, there should be a significant earnings upside. This is a niche business with a solid reputation for honesty, integrity, service and responsive delivery. The seller believes that a new owner, pursuing old and new customers, could significantly increase sales within a few years by mining the past customers’ list as well as by developing new leads.

Competition / Market:

The company has a well-defined niche and uses certain processes that are rare for smaller companies in this manufacturing segment. There are few direct competitors in the United States.

Reasons for selling:

The seller is in his sixties and is ready to transition out of the business.

Trading hours:

Mon-Fri/ 8-5

Employees:
2 FT
Years established:
26

Other Information

Support & training:

The seller offers a minimum of twelve weeks of training to assure a smooth transition. Additional transition support is negotiable.

Financing available:

$150,000 available in seller financing.

Furniture / Fixtures value:
$245,000 (USD) - included in the asking price
Inventory / Stock value:
$50,000 (USD) - included in the asking price
Relocatable:
This business can be relocated.

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