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Asking Price$2,100,000
Revenue | $899,562 |
Established | 1989 |
Cash Flow | $348,044 |
Employees | 5 full-time |
FF&E | $1,200,000* |
Franchise | No |
Inventory | $776,000* |
Relocatable | No |
Real Estate | Undisclosed |
Home-based | No |
* Included in Asking Price
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This Iowa tool and die business with over 1.9M in assets included in the purchase is a well-established metal fabricator located between Des Moines and Sioux City. A bank loan can be entirely collateralized with the existing assets and inventory of the business. They have consistent product quality and craftsmanship due to the knowledgeable staff. The business engages in creating products out of metal, including firearm components, custom-built machines, jigs and fixtures for cabinets. This company has the equipment to build almost anything they need to. The business has enjoyed steady profits for many years mostly through word of mouth advertising from satisfied customers. This business is poised for growth but needs someone with good marketing and sales skills. Everything is in place for a new owner to step in and start running with this business. The business is well-managed and profitable yet there are still many opportunities for growth. The bank loan can be entirely collateralized with the existing assets and inventory of the business.
Financial Overview List Price: $2,100,000 Gross Sales 2015: $899,562 2014: $852,580 Owner Profit/Cash Flow 2015: $348,044 2014: $405,978 Profit Margin: 38%
Assets Included in Purchase: $1,976,000 Plant Property and Equipment: $1.2 M ? 4 surface grinders, 3 lathes, 2 mills, 1 CNC mill ? 8 machining centers, 2 heat treatment furnaces, 2 floor model drills, 5 presses ? Additional equipment including rotary tables, grinding fixtures, welders, band saws (both horizontal and vertical) Inventory: $776,000 *amounts may vary Business Information Year Established: 1989 Location: Western Iowa Service Area: Sioux City / Des Moines / Omaha and Midwest region Facility: 6,000 sq. ft Reason for Selling: Retirement Employees: 5: Assistant Foreman, Setup/Tool Maker, Machine Operator, Machinist/Tool Maker, Office Manager/Machine Operator Seller Support: Will provide full training and support to incoming buyer; will remain on as a part-time employee if requested by new owner Growth Opportunities: Expand marketing (currently only by word-of-mouth advertising), hire salesperson Items Manufactured: Firearm Components, custom-built machines, jigs and fixtures for the cabinet industry, components for production machines (also provides service)
Funding Example Purchase Price: $2,100,000 10% Buyer Down Payment: $210,000 20% Seller Financing: $420,000 70% Bank Loan: $1,470,000 The bank loan can be entirely collateralized with the existing assets and inventory of the business.
Facilities: | Location: Western Iowa
Service Area: Sioux City / Des Moines / Omaha and Midwest region |
Competition: | Items Manufactured: Firearm Components, custom-built machines, jigs and fixtures for the cabinet industry, components for production machines (also provides service) |
Growth Potential: | Expand marketing (currently only by word-of-mouth advertising), hire salesperson |
Training/Support: | Will provide full training and support to incoming buyer; will remain on as a part-time employee if requested by new owner |
Ad #77998
Seller Reference #OBL001
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