Sold
- Asking Price:
- $5,500,000
- Gross Revenue:
- $3,540,446
- Established:
- 1972
- Location:
- Eastern Iowa
- Building SF:
- 40,000
- Real Estate:
- Available
- Listing #:
- 16667
Business Description
The business works in metal forming for OEM’s across the country. Company can prototype one unit or can produce long runs of more than 10,000 units. Company has capability to stamp parts as well.
The new owner should have an understanding of metal forming and machine operations. There are no special licenses needed just an understanding of bidding work. The successful buyer will acquire all the assets necessary to run the business. The equipment is continually updated and in the last 4 years more than 1 million dollars of new equipment has been added.
Detailed Information
Facilities
Business is located in an industrial park with 40,000 square feet under roof. The entire building is covered with heat and air conditioning.
Growth and Expansion
Sales have been consistent over the last several years serving the same customer base. More effort in the sales and marketing department and new customer development should provide enhanced sales and profits.
Reason for Selling
Retirement
