Heavy Equipment Manufacture
Orange , California
Listed Price: $ 675,000
Listing DetailsGross Revenue: $ 2,230,000
Cash Flow: $ 227,000
FFE: $ 100,000 (Included in Price)
Inventory: $ 300,000 (Included in Price)
Form of Ownership: C Corp
Reason for Sale:
Owner wants to slow down
Listing SummaryBusiness Description:
Niche Manufacture of Equipment Used by Municipalities and Contractors
This company since 1993 has manufactured specialty equipment which is sold to cities/municipalities, contractors and gas companies. The company produces a variety of units in each category that is sold throughout the United States directly and through a network of dealers. Company’s advantage over competition is 1.) quality of product which last longer, 2.) Ability to customize products to customers specification, 3. Pricing about 10% less. The company has 14 employees plus owner and manufactures its products in a 14,700 sq ft facility.
· 80% of Revenues are through 16 dealers nationwide and more can be added
· Revenue increase this year about 10%
· Profits on target to increase this year due to cost cutting and other initiatives
· Price Includes inventory, all equipment, and backlog.
· Company has two Patents Pending
· Revenue breakdown is 84% Mfg. Products, 11 % Parts, 5% Service
· Manufacturing, Fabrication and Assembly in house.
· Licensed Truck and Trailer Manufacture
OperationYear Established: 1991
Absentee Owner: No