Fastener Manufacturer
Location Florida,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $2500000
Net Profit / Cash Flow $280000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1946
Number of Employees 10 - 19
Inventory 1150000
Relocatable Yes
Number of Employees 10 - 19
Real Estate Owned
Training Yes.
Reason for Sale Retirement.
Description National Business Search is representing for sale, on an exclusive fee paid basis, a manufacturer of precision brass and aluminum fasteners. The Company operates in a specialized niche with few direct competitors.
The Company is based in a major metropolitan area in the Southern United States and was founded over 60 years ago. The Company has built a reputation for high quality products and good customer service.
The Company manufactures a wide variety of brass and aluminum fasteners and specializes in close tolerance holes and thread pitch diameters.
The Company's customers are original equipment manufacturers and fastener distributors. The Company had approximately 120 customers in 2005.
The Company's customers are in a wide array of industries such as automotive, electrical, electronic, plumbing, plastic molding, clock movements, military products, lighting and others.
There are 18 employees, and an experienced management team in place.
The Company operates from a single 20,000 square foot facility that it owns. The facility is situated on approximately 9 otherwise undeveloped acres that are zoned M1 - light industrial use. The Company also owns the undeveloped acreage. This is an extremely desirable piece of land in an area, which has few remaining tracts of undeveloped land.
The owners are flexible regarding the disposition of the land and/or building. They are willing to sell all, part or none of the land and/or building as desired by the buyer.
In 2007 the Company's revenue was approximately $2,500,000.
The owners would like to retire. There are no trained relatives that are interested in running the business.
The Company has financial statements and excellent business systems in place. The management team would like to remain and be a part of the Company's future for varying lengths of time.
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