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Manufacturing Sliding Bearings
Location Illinois,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $4064957
Net Profit / Cash Flow $378407
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2000
Number of Employees 6 - 9
Inventory $2970000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Owner will train the buyer for 4 weeks at no cost.
Reason for Sale Seeking Investor.
Description This listing is for an international manufacturing business and its retail sales arm both located in the northeast Chicago suburbs that are seeking a partner/investor. They specialize in the manufacturing and sale of sliding bearings. This business handles the manufacturing from raw materials to design, through production and distribution. Their customers cover the whole of the mechanical industry with applications that vary from heavy machinery and equipment to components for the hydraulic sector and the smallest of parts for the electromechanical industry. Their products can be used wherever there are rotary or translatory movements between mechanical parts. The products they have available vary from simple cylindrical or flanged bearings to thrust washers, strips and special parts. Their production capacity is approximately 200,000,000 pieces yearly. The business was up 20% in 2010. The business is looking for a financial, strategic or synergetic partner to expand sales & manufacturing. They are offering a 24% investment in their firm. The retail sales branch for the business (United States & Canada) is also being transferred with the sale. The sales branch's main customers are from the oil field and aftermarket fields. They stock all standard sizes of bearing (manufactured by the parent company). Being a sales branch can offer customers same day delivery. Sales are focused on special materials realized especially for particular applications in the oil field market.
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