UNDER LOI – Industrial Products Manufacturing – Southeast Michigan

UNDER LOI – This established manufacturer has three distinct revenue streams. Super abrasive single layer grinding wheels, industrial cutting tools (standard and specials) and building or rebuilding of CNC grinding equipment. The business has a solid reputation and has lots of room for growth with the addition of a sales department.

This business has a high level of knowledge that the seller is willing to train and pass along in an extended transition period if desired. The business prides itself on providing affordable custom solutions to fit all projects and budgets. With 30+ years of experience combined with the latest engineering techniques they are able to find solutions for their clients’ needs. Some customers have been with the business for over 20 years.

Listing ID:

ABB-23085328-90

Location:

Southeast Michigan

Type of Business:

Manufacturing

Gross Revenue:

$1,375,000

Cash Flow:

$425,000

Inventory:

$65,000

FF&E:

$375,000 (included)

Established:

1988

Employees:

5 FT / 1 PT / 1 IC

Facilities:

12,500 square ft of shop space with dedicated air conditioned office space of 3,000 square ft
Located on 2.5 acres with gated area and room to grow
Located near major transportation hubs

Real Estate / Lease Terms:

Property is owned and available for purchase or lease

Growth Opportunity:

Added focus on sales in cutting tool business would immediately benefit profitability
Grinding wheels and machines are in a growing sector with availability to double in size on with added manpower and grit inventory

Competition:

Grinding wheels has grown and there are competitors
This business has an edge with making cores in house and reducing delivery times
This business is nimble and established with great suppliers and have kept costs low

Support & Training:

Seller available to provide training and support for a smooth transition period
Seller can stay in the business for up to 2 years or as needed to transfer knowledge and skills

Reason for Selling:

Looking to retire and explore other interests

Broker Contact:

Larry Baumgart – Advanced Business Brokers

Direct: 269-330-6924

Fax: 248-564-5259

Email: Larry@ABB-BusinessBrokers.com

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The broker has made no investigation of the above information, prospective buyers must accept all due diligence responsibility. Above information is subject to change and/or correction and should not be considered binding.