Dynamic Manufacturer / Distributor of Specialty Industrial Components
Location: New York
Industry: Manufacturing > Other Manufacturing
Financials
Gross Revenue: $10,000,000
Cash Flow: $1,000,000
Inventory: $750,000 (Included in Asking Price)
FF&E: $1,400,000 (Included in Asking Price)
Seller Financing: Seller will assist with financing to qualified buyer.
Business Summary
The Company is a long-established, yet growing manufacturer and wholesaler of specialty industrial components and solutions with a worldwide presence. With a diverse and growing customer base, the Company has achieved modest revenue growth despite competition from Asia and is well-positioned to extend this growth going forward.
Founded nearly 50 years ago, the Company has grown to be one of the largest suppliers of these solutions in upstate and western New York.
Founded nearly 50 years ago, the Company has grown to be one of the largest suppliers of these solutions in upstate and western New York.
About the Business
Year Established: 1958
Employees: 36 full time -
Facilities: The Company leases a modern 50K sq. ft. manufacturing, office, and warehouse facility as well as two ~1000 sq ft branch sales offices.
Market Outlook and Competition: The market is growing modestly (greater than inflation) both domestically and internationally although flat in the Northeast. Primary price competition comes from China, but is only seen on very high volume products. The Company competes successfully by providing complete solutions including custom with fast turnarounds.
About the Sale
Management Training and Support: Owners will assist transition at no charge up to 90 days with negotiable assistance beyond. Some are willing to remain in a sales capacity.
Reason For Selling: Burnout
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