Manufacturing And Industrial Business For Sale in Greensboro North_carolina

Component Manufacturer

Advert Id: 23547, Sellers Ref: (MANUFAC1)
  • Location:Greensboro, North Carolina
  • Category:Manufacturing and Industrial
  • Asking Price:$4,500,000
  • 4500000
  • Sales revenue :$4,910,000
  • Net profit :Undisclosed
  • Furniture/Fixtures value :$238,000
  • Inventory/Stock value : $300,000

Business description

As a custom component manufacturer, the range of products is wide and flexible. Standard items can be done and custom millwork is also an option but both are small percentages of current production. The existing customer base has been stable over the recent recession as they have been nurtured through performance rather than acquired with the lowest margin. With over 3 decades of being the low-cost producer, the business can adapt to customer demands while maintaining gross margins. Customer and employee turnover is extremely low as is bad debt and workplace accidents. Regulatory compliance, whether OSHA or EPA has not been a problem either. Systems and reporting are in place to detect “waste” and increase yield.

  • Real Estate: From an original 4,000 square foot facility in 1981, multiple expansions have occurred to create the current production, warehouse and office complex that contributes greatly to the efficiency and effectiveness of the manufacturing process. Situated on approximately 5 acres of land, there is room for additional facility expansion. Sellers own the buildings and land so a long-term lease, an out-right purchase or a lease to purchase are all available options.
  • Competition: The direct competitors typically have either higher overhead because of their lower utilization of capabilities and equipment or offer fewer options because they have raw material or production facility restrictions which reduce their product offerings to the customer.
  • Expansion: Adding additional manufacturer’s representatives to capture more customers similar to those already being served is an obvious potential growth effort. A larger opportunity is to develop an e-commerce side to the business for bringing “knock-down” shelving kits direct to the buyer.
  • Years Established: 1981
  • Employees: Full Time: 13 / Part Time: 2
  • Trading Hours: Monday - Thursday, 8am-4pm office, 6am-4pm production
  • Support Training: Sellers will provide up to sixteen [16] normal Monday – Thursday 10 hour workdays of training and transition support and if Buyer wishes, are willing to work an extended time up to two [2] years to ensure a successful transition
  • Reason For Selling: Sellers wish to retire or manage the business for new owners.
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