UNDER LOI - Industrial Products Manufacturing – Southeast Michigan

Michigan, MI

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Overview

Year Established
1988
Employees
5 full time and 1 part time
Inventory
$65,000 (Not included in asking price)
FFE(Furniture, Fixtures and Equipment)
$375,000 (Included in asking price)
Area
15500 sq.ft.

Business

Description

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.

Growth Prospects

•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

Sale

Reason for Selling

•Looking to retire and explore other interests

Training/Support

•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

Premises

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

Location

Michigan, MI

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Click To See 269-330-6924

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Ad Id: af1240 | ABB-23085328-90