This profitable West Michigan-based Company primarily services industrial plastic, metal and stamping machinery. In addition, they also service the mobile hydraulics market. Sales, re-manufacturing, and application assistance of hydraulic components rounds out the Company’s offerings.
The Company has in-house testing capabilities up to 200 HP and 5,000 PSI for hydraulic Components.
- The Company has in-house testing capabilities up to 200 HP and 5,000 PSI for hydraulic components.
The Company was founded by its current Owner in 2005 and located in the same facility since that date. Quality employees and brands have been the secret to their success ever since and they are extremely proud of the reputation earned with their customer base for those quick turn-around times and quality work provided.
The customer base is very broad and growing, described as “in the hundreds” by the Seller, with limitless opportunities. The business provides strong Seller’s Discretionary Cash Flow for the owner and has consistently over the years.
- The Company primarily services industrial plastic, metal and stamping machinery.
The Owner is selling because he wants to spend more time on other business interests; so, this presents a unique and rewarding opportunity for the right Buyer to hit the ground running
Employees:
There are currently four Full Time Employees including the Owner and there is plenty of room to grow within the facility and with the current equipment by adding additional help as the business expands.
Assets: Net assets included in the sale are $227,000 including F,F&E of $129,000 and Inventory of $39,000.
Facilities:
The facility is well situated to service all of Western Michigan. It consists of 6,000 square feet, split into modern office space of 800 square feet and the remainder devoted to shop floor space. The real estate is owned separately by the Seller and he will offer very desirable lease terms to the buyer. The real estate is not being offered as part of this transaction; so, this business “Transportable” if the new owner would like to move into another location. Conversely, if the new owner is definitely interested in purchasing the real estate, then the Seller will entertain that scenario based upon qualifications.
Days and Hours:
Monday thru Friday 8:00AM to 4:30PM
Asking Price: $375,000
Financial Summary:
FY 2015 Revenue: $617,237
FY 2015 Cash Flow: $172,156
3-Year Avg Revenue: $665,000+
3-Year Avg Cash Flow: $155,000+
Interested parties must demonstrate proof of financial capability, sign a Non-Disclosure Agreement, and have a brief introductory phone call with a broker. Inquire today about this industrial service business for sale in Michigan!