Metal Plating Business
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $150000
Net Profit / Cash Flow $30000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1970
Number of Employees 1 - 3
Inventory 200000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will provide training for 4 weeks at 20 hours/week.
Description Most consumer products have many parts and most of those parts need to be ''plated'' in one way or another. Mega Shine Plating, a 35 year old firm, specializes in nickel plating using sophisticated rack and barrel plating techniques for a wide variety or parts from an even wider variety of customers.
Mega Shine Plating's operation is a critical step in the manufacturing of metal components. As an outsource team member for such firms as Fender Musical (the guitar folks) and Lubri Scientific, they coordinate their individual production schedules so that their client's production line is not sitting idle and waiting on parts. Thus as a critical member of their customer's supply chain, customer dependency prevents customer turnover.
Mega Shine sales revenues exceeded $2 million annually as recently as 8 years ago. The current owner sold the business to an internally led management buyout team who subsequently failed to grow the operation or provide solid day to day management. The owner took control of a firm in disarray in 2007. Key clients such as Fender Musical, Lubri Scientific and others supported his return with continued business loyalty. Revenues are once again ramping up from a few thousand per month at the time of repossession to $10,000.00 per month with new orders coming in each week.
The owner wishes to sell the company with an asking price that largely comprises the current value of the 7 year old Harwood Barrel and Rack equipment line (this is long life equipment), a precious metal plating line (not in use at this time), EPA certified cake stack recovery system, truck, and a favorable facility lease. Please email or contact Bob Killen at (310) 539-8300 for more information on this Metal Plating business for sale.
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