Manufacturer of Structural Components Business – Has Accepted Offer
Price: $950,000
Annual Revenue: $3,174,022
Net Cash Flow: $591,241
Industry: Manufacturing
Location: Bristol County, Massachusetts
Listing ID: 25
This business has an accepted offer. Please view our other Manufacturing Companies for sale.
Established in 1989, this engineering and manufacturing company specializes in structural components for the building industry. Specifically, they produce or supply roof trusses, floor trusses, I-joist, L VL, Glulam, Paralam, and hardware, as well as design and engineering services to contractor’s, builders and lumber yards. They have approximately 400 customers, 90% whom are contractors and 10% are homeowners and others. 90% of their work is for projects being within a 20 mile radius from their facility but they go outside that area for larger projects. While there average sale is $4,000, they have done several large police stations with project values over $100,000 each and have been doing Dunkin Donuts locations for over 25 years. They have earned an excellent reputation for both technical expertise and integrity in the industry. With a focus on quality and customer service, their customer base has grown primarily by word of mouth from satisfied customers. Since they have no proactive sales force or marketing effort, this represents an opportunity to substantially expand the business.
Listing Details
Reason For Sale:
retirement
Training & Support:
The seller is flexible as to the length of transition and is committed to the continued success of the business under new ownership.
Operation
Year Established: 1989
Employees: 11
Location
Facilities Information:
15,000 sq. ft. on 2 acres of land. It is a standalone building in an industrial park. The building is owned by the seller and a lease will be extended to the buyer.
Summary
Potential Growth:
While there are a few competitors in the area, there is strong demand for the quality and customer focused approach of this company to fulfill the needs of small and large projects. There is no shortage of opportunities. Since there is no active sales or marketing effort, this represents a tremendous growth opportunity. The current business is word of mouth from satisfied customers. Specific growth areas exist in all product areas including I-joists, LVL and wall panels. The facility could double production by adding a second shift.
Financing/Terms:
The seller is willing to finance part of the sale.