This outstanding Southeast Michigan business features simplistic operations, highly productive workforce, and an attractive, long-term, diverse customer base.
With its history of profitability, the business would be suitable for a SBA 7a loan for an individual buyer, or a great strategic acquisition for a company looking to expand its capabilities and possibility some great new customers as well. The 7a loan will provide a very long amortization when the building and business a combined in a loan, often times over 25 years. With as little as 10% down, the debt service payments are very affordable leaving more thank $300,000/yr. available after paying for debt.
The majority of the company’s revenue is generated through the manufacturing of fabricated steel products. Most of the products are used in the assembly of robotic industrial automation systems built and shipped to customers throughout North America.
The owner and long-term key staff members run the overall daily activities, including quoting, and customer service.
The business housed in an attractive 20-year-old 20,000 sf building which is under the same ownership as the business. The construction of the building is built with block and is heavily craned over the production areas. The owner prefers to sell the building with the business in the transaction, with the building value estimated to be $2.0 million.
The business is being sold turnkey with all equipment included in the sale, future CAPEX needs are expected be minimal in the future.
The owner is welcoming retirement after 50 years of work and is willing to remain post-close, in order to facilitate a seamless transition to the new owner.
For further information please contact Glen Toadvine at glen@mwbusinessadvisors.com.
