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Business for Sale Summary

Auto Parts Manufacturer - 23703

Business Type: mfg businesses,fabricated metal conditions,industrial & commercial machinery,measuring & analyzing instruments,transportation equipment,misc. manufacturing/non-classifiable,special situations,best deals!,new to market,seller financing available,primary metal industries
Owner Financing
Auto Parts Manufacturer
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This business has received 194 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $1,350,000 Down Payment $1,350,000
Gross Revenues $1,500,000 Lease Remaining Register Free to View
Owner’s Cash Flow $350,000 Number of FT Employees Register Free to View

Financing

$1,350,000 Down and Financing is available for qualified buyers.

Business Description

Niche Auto Parts Manufacturer. This company was started from scratch by the current owner 16 years ago. They operate out of a 10,000 sq. ft. facility on Long Island. In the past year they had gross sales of approx. $1,500,000.00 with a Net Income (incl. receivables) of approx. $350,000.00. THE ASKING PRICE INCLUDES $250K IN NET INCOME, APPROX. $100K IN RECEIVABLES, APPROX. $600K IN CURRENT INVENTORY AND APPROX. $400K IN CUSTOM EQUIPMENT! 70% of sales are domestic with 30% to central America and Canada. There has been a strong sales demand outside of the US. The current owner will readily admit that he has grown the business to a point where he is comfortable, but knows a larger company or industry savvy individual would be best suited to take it to the next level. That is exactly the type of buyer we are seeking. Candidates must also be financially qualified and able to provide Proof of Funds for at least $1.35 million in liquid funds to cover any downpayment, working capital, inventory, etc. If you fit the criteria, please call Mel Vaz at 1-877-735-5224.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.