Diamond And CBN Grinding Wheel Manufacturer
Location:
United States
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Michigan
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South Eastern Michigan
Industry: Manufacturing > Other Manufacturing
Business Summary
Manufacturer of Diamond and CBN electroplated grinding wheels and tooling. Company started in 1985. Proprietary technology and all equipment included. Asking price average of annual sales over the past 3 years at 3 times gross sales volume. 25% owner financing available for very qualified individual. Customer base is moslty in the USA with some customers in Canada, less than 1% elsewhere. Eleven total employees with average of 10+ years per employee experience. Plant manager has 23 years experience and would stay on as would all other employees as deemed necessary. The industrial diamond business continues to expand as technology improves. The proprietary technology is complete and very well documented. The technological information database is very well organized and designed to be easily used. Learning curve depends on background from 1 month to 6 months. Seller is willing to stay on as advisor, time is negotiable as is pay. A sharp owner / operator can be very successful in this company. Seller has decided to spend more time with his family. Interested parties would be required to sign exclusive non compete agreement before any financial or techlogical details are discussed. This company can be relocated as is. The technology is portable, i.e., the technology can be duplicated at other plants around the world. The buyer must have at least $3 million cash or financing, and be able to qualify for owner financing of up to 25% of agreed sales price. Owner is motivated to sell, however, the fit must be good. This is a very differnt type of business and requires an owner / operator to understand manufacturing processes specifically grinding / machining. An owner can easily increase sales by adding capacity and various internal manufacturing capabilities. Company produces a world class product and has a very good reputation being reliable. High business ethics and work standards are paramount in running this very interesting business.
Financials
Asking Price Range: $2.5M - $5.0M
Gross Revenues:
$1,650,000
Cash Flow:
$15,000
Cash Flow Type: EBITDA
Inventory: $750,000
Seller Financing: Yes
About The Business
Year Established: 1985
Number of Employees: 10 - 19
Relocatable: Yes
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Yes.
Reason For Selling: Retirement / spend more time with family.
Click on the "I'm Interested" button above for more information on this Manufacturing > Other Manufacturing business for sale.
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Print Listing Id: 70072431
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