Status: Sold
*UNDER CONTRACT* Engineered Castings and Molds - Listing #: NAPFL001-N41
Asking Price:$1,300,000
Cash Flow:$416,911
Gross Revenue:$2,740,790
EBITDA:N/A
FF&E:$5,800
Inventory:$48,877
Established:1981
Business Description
Profitable Engineered Castings Business
This home-based business can be operated from any geographic location. The Company has only two employees including the owner and it sells Engineered Castings. Those castings are Ingot Molds , Coke Oven Castings and Slag Pots. Their customers are big industrial buyers in the US and Canada. Most of the customer base are the large Steel manufacturers and most of those have been working with the Company for many years or decades even. This business also deals in scrap metals and alloys which account for a small portion of the profits.
Detailed Information
- Inventory:
- Included in asking price
- Employees:
- 2
- Furniture, Fixtures, & Equipment (FF&E):
- Included in asking price
- Facilities:
- The owner works out of his home in Florida. This business could be run from anywhere. (Home Based)
- Competition:
- There are three US suppliers who each specialize in either Ingot Molds, Slag Pots or Coke Ovens.
- Growth & Expansion:
- New ownership could continue to sign on new customers or follow the Seller's lead by expanding the distribution into other countries. Additional products which can be designed by the Metallurgical Engineer on staff will continue to be added.
- Financing:
- For the right offer the Seller would consider a small note
- Support & Training:
- The Seller will provide a 30 day training period after the transaction closes.
- Reason for Selling:
- Retirement
- Home-Based:
- This business is Home-Based