CNC Manufacturing and Parts Distribution

CNC Manufacturing and Parts Distribution

Very High Margin Parts - Not a Job Shop

Description: http://imavex.vo.llnwd.net/o18/clients/fixedfee/images/medical.jpg
Indianapolis
Listing Number:
 2446

Financial Information

Asking Price: $799,000
Real Estate: Must Relocate
Gross Revenues: $725,000
Cash Flow: $319,000

Business Description

This company specializes in serving the industrial electric vehicle market.  The business is comprised of three verticals; 1) they manufacture a large number of replacement parts for a wide variety of different electric vehicles, 2) they import and stock other replacement parts, 3) they manufacture their own line of electric vehicles.  The business is operated by a husband and wife team with only two part-time employees (one accounting and one assembly).  The margins on the manufactured parts are very high and the growth for the business is in this vertical.  The cost to the end user for the manufactured replacement parts are significantly lower than factory OEM parts.  The company has a competitive advantage of both pricing and in-stock availability for the majority of the parts.  The current revenue mix is 40% vehicles and 60% parts.  The company has over 700 clients and the typical customer is a forklift dealership.  The company does not do any marketing or sales.  The majority of revenue comes from repeat customers.  Revenue in 2015 was over $900,000 and cash flow over $350,000.  In 2016, revenue dipped to $725,000 and cash flow to about $320,000.  The revenue decline was due to fewer complete vehicles being manufactured.  

General Information

Facilities: The business is currently located in a facility owned by the sellers.  The building is much too large for the business and is also being marketed for sale.  A buyer would most likely need to relocate the business to another facility.  The business will require 4,000 - 5,000 sq feet of space.  The business could be located anywhere.

Growth & Expansion: There a large number of dealerships, vehicle distributors, and service centers that could be marketed to.  

Support & Training: The seller will provide necessary support and training.

Reason Selling: Retirement

Contact Information


Contact:
 Troy Frank
Phone: 317-333-6655 x 101

 

Indiana Equity Brokers
5750 Castle Creek Parkway, Suite 275, Indianapolis, IN 46250
Tel: 317-333-6655     Fax: 317-333-6654
info@indianaequitybrokers.com

 

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