Reputed Heat Induction equipment manufacturer

Listing Number: 60347-612090

Description

A reputed, long standing Heat Induction equipment manufacturer to the global automotive industry is up for sale. Real Estate is for sale but is not included in the price. The business has been in operation for over 30 years and has earned a solid reputation among the Automotive Industry including one of the Big 3 OEMs, and major Tier 1s in the Metro Detroit area.
The business holds a significant promise. Newly updated recent contracts with reputed automotive Tier 1s are bringing in recurring business. The business enjoys the loyalty of a competent workforce with an average tenure of over 5 years with the company. Any potential new buyer will need to add to the workforce and realize significant additional revenue.

Listing Details

• Price: $ 600,000
• Down Payment: $600,000
• Sellers Discretionary Earnings: $ 59,644
• Total Sales: $ 633,257
• Location: Michigan


• Inventory: $ 19,910
• FF&E: $ 519,178
• Employees: 6
• Year Established: 1985
• Reason for Selling: Death of Principal of business
• Category: Manufacturing