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Northeast Based Stamping Manufacturer

Essex County, NJ (Relocatable)

Seller Financing Available
Northeast Based Stamping Manufacturer
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Asking Price: $670,000

Cash Flow: $167,686

Gross Revenue: $1,167,015

EBITDA: N/A

FF&E: $274,500

Inventory: N/A

Real Estate: N/A

Established: 1978

Northeast Based Stamping Manufacturer

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Business Description

Great Buy For An Established Stamping Or Fabrication Shop

Our client company is a Northeast based stamping house serving the military, commercial lighting, automotive and retail display industries. The company provides metal stamping and aluminum extrusion fabrication to customers throughout the Northeast and on the west coast. The company also has a CNC milling and turning department, established to better serve their core customers. Customer relationships are long term and their work is mostly repeat in nature, commanding gross margins of 79%. The company is located in an industrialized area with easy access to a skilled workforce. The company’s skilled staff is tenured, but has plenty of work life remaining.

Detailed Information

Location:
Essex County, NJ
Real Estate:
Owned
Building SF:
8,000
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The company operates out of an 8,000-square-foot facility, owned by the founder. His preference is to rent, rather than sell the building. The initial lease payment to an acquiring entity will be $3,000 per month, triple net. Although there is room to grow the business where it is, (they operate only one shift), for substantial growth, the company would need additional space.
Competition:
In the 1990s many stamping houses in the Northeast closed due to overseas competition. This company thrived through diversification of sectors served and the addition of CNC machining to better serve their customers. This combined with superior quality and turn-around time have kept their customers loyally devoted for decades.
Growth & Expansion:
The company has 4 decades of history and goodwill with customer relationships ranging from 12 to 35 years. These strong relationships and repeat work are by far the Company’s strongest attributes. Also, the fact that they have the ability to do CNC milling and turning makes them unique among most stamping houses. The company does nothing however to promote their services. An acquiring entity can build upon the strong foundation with basic best practices in business development to increase sales.
Financing:
Partial Seller financing is available to qualified buyers
Support & Training:
Seller will remain with an acquiring entity for training and transition
Reason for Selling:
Retirement
Business Website:
http://acceleratedmfgbrokers.com/manufacturing-business-listings/stamping-manufacturer/
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Frances Brunelle

Business Listed By:
Frances Brunelle

Accelerated Manufacturing Brokers, Inc.

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