LISTING ID: M171006

STATUS: ACTIVE

HIGHLIGHTS

REVENUE:        $367,210

NET PROFIT:     $120,246

EMPLOYEES:     5

ESTABLISHED:  1983

FF & E:              $259,428

ASKING PRICE: $375,000

INVENTORY:      $2,700

OAKLAND COUNTY MIG, PROJECTION & SPOT WELDING COMPANY

SOUTHEAST MICHIGAN

BUSINESS SUMMARY

This business was purchased 19 years ago from the original owner after 15 years of operation. They have a great reputation and are one of the few second tier companies, in their industry, to survive and thrive several economic downturns. In addition to mig, projection & spot welding, they offer solutions for custom projects requiring unique tooling and machining. They also provide consulting services for R&D projects, prototyping, and machining. Customers include: auto, agricultural, government and the building industries. They own an extensive list of costly well-maintained equipment. They have excess capacity in the shop and office areas. A suitable buyer is someone experienced in this industry or a complementary business requiring additional production space. In addition, potential buyers must be familiar with this trade and ready to replace several retiring family members.

 

Non-disclosure required prior to receiving confidential information.

 

GROWTH AND EXPANSION

Addition of a complementary business or a more aggressive sales strategy offers the best growth potential.

 

 

COMPETITION

This company has survived and thrived through several economic downturns including the automotive bailouts. They are well known and have a great reputation in the welding industry.

 

 

SUPPORT AND TRAINING

Owner will share how to run & grow this business for a negotiated time period.

 

FACILITIES

This 11,680+ sq. ft. two story cinder block building is located in a light industrial area, with several retail stores and restaurants and close to major freeways. There is a paved parking lot in front of the building and a paved and gated area along the side of the building. There is space in the rear of the building for an addition. The 9ft main floor area has a lobby, several offices and meeting rooms. The 17,000 sf industrial/light manufacturing area has a cement floor with an 18ft ceiling. A 3,200 sf addition was added, several years ago, with a cement floor and 19ft ceiling. It currently houses a separate business. There are two 18’ bay doors. The second floor is 1,792 sf and consists of restrooms, several offices, a relaxation area and full kitchen but not zoned for residential use. Environmental testing was done by the bank in 2000 with the building and property given a clean environmental test. This owner takes great pride in their business and it’s the cleanest production facility I have even seen! Real estate ask price $700,000

 

REASON FOR SALE & SALE TERMS

Reason for Sale: Retirement

 

Terms of Sale: Cash

 

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CONTACT LISTING BROKER

 

248.425.2129

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Copyright by Inix LLC 2017

LISTING ID: M171005

STATUS: ACTIVE