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Profitable 30 Year Old Manufacturing Business For Sale

Springfield, Missouri
Asking Price:
$995,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,520,441 (USD)
Cash Flow:
$242,485 (USD)

For sale is a well-established manufacturing company located in southwest Missouri. The owners wish to retire.

Highlights of Business
• All products are proprietary and sold nationwide through dealers who sell related products
• Business is operated with just a handful of employees besides the owners
• Easy to operate business that is well established
• Immediate profitability – take over one day, be profitable the next
• Two unrelated product lines with substantial potential for increased sales
• Business is operated from a modern manufacturing/warehouse facility in an area of low wages
and plentiful employee pool
• Seller will train
• SBA financing available, which means lower down payment requirements and longer terms
• Business not open evenings or weekends
• Seller will sign a non-compete agreement

All products are proprietary, are metal, and are sold through dealers selling related products nationwide.

The company operates with only a handful of employees besides the owners.

The Discretionary Earnings (also known as Normalized Cash Flow or Total Owner Benefit) of $242,485 was for 2017, and is after deducting the estimated yearly debt service of $57,829 on the purchase of the real estate from which the business operates, which is also for sale (for $775,000) and which the owners wish to sell with the business.

The real estate is available through VR's sister company Professional Real Estate, LLC.

The sales price of the business includes $750,000 of inventory at seller's cost, which the seller states is the appropriate average amount of inventory the company needs on hand at any time.

Down payment for the business would be approximately $115,110, assuming an SBA loan, sales price of the business of $995,000, $100,000 borrowed for working capital, and loan expenses added to the SBA loan of $56,100.

Down payment for the real estate would be approximately $77,500, assuming a sales price of the real estate of $775,000.

Total down payment would therefore be approximately $192,610 for the business and real estate.

There are two fairly new product lines which have substantial potential for growth.

This is an easy to operate business that is well-established and which has a lot of upside potential. If you think it might be a fit, do not delay in requesting more information.

Property information

Real Estate:

Real Property Included

Location:

Southwest Missouri

Premises Details:

The property consists of approximately 45,370 sf on approximately 7 acres.

Size in square feet:
Approximately 45,370

Business Operation

Expansion Potential:

The primary expansion opportunity for the business would be to market its products. Currently, there is no marketing of the business, other than having an older website.

The company also has a newer line of products aimed at an entirely new market, and which are superior in many ways to the products currently being offered by other manufacturers. Some of these new products are being carried by local dealers, where they have substantially outsold the older style products. Potential for this new product line is high.

Competition / Market:

This business has normal competition inside and outside of the U.S.

Reasons for selling:

Retirement

Trading hours:

M-F, 8-5

Employees:
Only a handful of employees besides the owners.
Years established:
Over 30 years

Other Information

Support & training:

Seller will provide 3 weeks of training at no cost. Seller would be willing to stay on for up to 1 year at an agreed upon salary.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

This business will qualify for an SBA loan.

Down payment for the business would be approximately $112,287, assuming an SBA loan, sales price of the business of $995,000, $100,000 borrowed for working capital, and SBA loan expenses added to the loan of $27,869.

Down payment for the real estate would be approximately $79,531, assuming a sales price of the real estate of $775,000, including $20,309 in loan expenses added to the loan.

Total down payment would therefore be approximately $191,818 for the business and real estate.

The seller would consider providing seller financing if required by an SBA lender.

Furniture / Fixtures value:
$57,585 (USD) - included in the asking price
Inventory / Stock value:
$750,000 (USD) - included in the asking price
Related Documents:

Contact Information

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