Listing ID : 427360
Posted on February 8, 2024 8
* Seller financing possible. Proof of funds, Confidentiality Agreement, and
Seller Approval are required to disclose any additional information*
Our firm is proud to bring this long-established, innovative, and profitable engineering and manufacturing business to market. The owner started this business in 1999 after working in corporate America for many years. This business is dedicated to helping customers solve their engineering and manufacturing needs.
The business does all of its engineering and manufacturing in-house and can create solutions for customers in an expedited manner. The engineers work alongside the manufacturing department to ensure the products they make are high-quality and suit the customer’s needs. The business has managers to oversee the employees, and the owner oversees the overall operations while maintaining the customer relationship. The owner is willing to stay on board for a new buyer to ensure a smooth transition.
The business has all the machines and equipment needed to manufacture most of the products their customers request. Most of their customers are within the automotive, recreational, and commercial industries. They specialize in electronic assemblies, instrument clusters, wire assemblies, custom products, and embedded software. The business is expanding into other verticals because of new opportunities in the market.
The ability to do engineering and manufacturing in-house helps this business achieve excellent profitability. In 2022, the business generated $3.2MM in total revenues generating $673,067 in Sellers Discretionary Earnings. This is an excellent opportunity for an owner-operator or a bolt-on acquisition.
Additionally, the owner is open to seller financing with $800,000 as a down payment and the balance amortized over 10 years with 8% interest. $500,000 of working capital will be included in the sale price as well. Give us a call today to learn more.
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