Listing Number: 16754-595894
Successful gear and sprocket manufacturer located in Central California that has been in operation for over 30 years. This unique business opportunity is flush with potential to grow into a leader in this industry. This manufacturing facility is 11,000+ square feet, with room to expand, and is located in an industrial parkway with easy access. This current owner also owns the property and is willing to rent to an incoming buyer at a mutually agreed upon rent. The current list of products/services that this business offers include: gears, spurs, helicals, worms, racks, bevels, miters, splines, and internal gears. These parts are made from a variety of materials from steel to aluminum for various uses.
With consistent profits, this business offers a secure, steady opportunity to continue rolling with the status quo of operations. Sales grew 30% last year and the company is on pace for double digit growth in 2019 as well. Currently, gross sales are 1.5 million at the current size of operations. Given the facilities room for growth and increasing demand for their products and services, revenues are ready to rise to new heights. Cash flow for 2018 was $270,000 and is expected to increase this year.
The owner is selling due to retirement will offer training to the new buyer and is open to seller financing if the down payment is substantial. This is a turnkey operation that has a full-time work force in place.
- Price: $1,250,000
- Down Payment: TBD
- Sellers Discretionary Earnings: $339,000
- Total Sales: $1,500,000
- Location: San Joaquin County, California
- Inventory: $0
- FF&E: $0
- Reason for Selling: Retirement
- Category: Manufacturing