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Tooling - Manufacturing & Sourcing
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $879357
Net Profit / Cash Flow $230559
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1982
Number of Employees 1 - 3
Inventory 502000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will train.
Reason for Sale Other ventures.
Description Tooling - Manufacturing and Sourcing business for sale. This unique, 27 year old business has carved out a very desirable niche by providing a single source of tooling for manufacturers, with a concentration in the sheet metal and fabrication industry. In essence, they match manufacturers with tooling vendors with an emphasis on value, timeliness, and the very highest levels of customer service and care.
Customers include Manufacturers and Job Shops such as Lighting and Window Manufacturers. Also in the client mix are trailer manufacturers as well as tooling for refrigerators, freezers , door hardware, locks, aluminum extrusion windows and metal file cabinets. In addition they work with makers of recreational vehicles and prefabricated housing, just to name a representative sample. Clientele is primarily located in the southwestern US, while vendors are a mix of US and Canadian firms.
By virtue of the depth of product offered, this business has been profitable during all phases of the business cycle over the years.
Currently this business is home based, although if desired, the new owner could move the operation to a commercial/industrial site, which would enable the firm to carry inventory and further expand services to clients.
The seller further notes there are several opportunities for significant immediate growth by implementing such enhancements as credit card acceptance and the development of an internet shopping mechanism.
The purchase price includes some initial training for the new ownership (from the present owner who?s been in the industry for 40 years). In addition, the seller would consider an expanded, longer-term role if the buyer desires, assuming both parties are amenable to a reasonable employment/consulting agreement.
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