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Specialty Manufacturer

IA

Specialty Manufacturer
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Asking Price: $1,400,000

Cash Flow: $353,989

Gross Revenue: $3,190,295

EBITDA: N/A

FF&E: $600,000

Inventory: $400,000

Real Estate: $600,000*

Established: 1978

*not included in asking price.

Specialty Manufacturer

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Business Description

Business located in NW Iowa.

Established B2B manufacturing company providing custom-made products directly to the end user. The sale includes a fully staffed, well-equipped, modern production facility.

This company is recognized as a leader in its industry. The sales have been growing over the past several years, and 2018 is predicted to be another strong sale and profit year.

A good buyer for this business would have an engineering or electrical background.

Annual Sales 2017 - $3,190,000
Recast Net Income 3-year weighted average - $353,989

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
14
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Main production facility and two additional buildings a short distance away.
Growth & Expansion:
- More penetration in the target market. - Enlarge product offering.
Support & Training:
Seller will stay as an independent consultant designing of future products. The Seller's wife, also active in the business, will stay for a period of time for a smooth transition.
Reason for Selling:
Retirement
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Al Lorenzen

Business Listed By:
Al Lorenzen

The Business Brokers, Inc.

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