Garment Handling Equipment Manufacturer - Highly Profitable
Location New York,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $3849147
Net Profit / Cash Flow $750000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1954
Number of Employees 20 - 34
Inventory 2500000
Relocatable No
Number of Employees 20 - 34
Real Estate Owned
Training Will provide.
Reason for Sale Retirement - owners in their 80s.
Description This long-established, very profitable manufacturer of garment handling equipment is only available because the owners have now reached advanced retirement age. The business is almost recession proof, serving a wide range of industries, including dry cleaners, laundries, hotels, museums,correctional facilities, coat check rooms, and numerous material handling applications. They have extensive manufacturing facilities to produce these systems and components, which they sell to their world-wide customer market. They have an excellent reputation in the industry for their state-of-the art design department, the quality of their products, and their manufacturing capability. The company maintains a 3A1 D&B rating, and is current in all of its financial dealings. This is a rare opportunity to invest in a highly profitable business, with a long and successful track record. Email or call Merv First at 631.608.2756 for more information on this Equipment Manufacturing business for sale.
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