Go Back
Overhead Crane Manufacturer
TennesseeListing DetailsOffice ID: CRANE3
Status: Sold
Listing Broker: Michael Fekkes, M&AMI, CBI, CEPA
Listing Price: $600,000
Gross Revenue: $1,060,000
Cash Flow: $316,000
FF&E: $75,000
FF&E Included: Yes
Acreage: 6 Acres
Real Estate: $200,000
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:
Seller will provide up to 15% Seller Financing. Business prequalified for 10 year 7a SBA Loan.
Reason for Sale:
Retirement
Training:
4 week full transition support included in price. Seller will stay on for up to 2 years to completely train new buyer at an appropriate fee.
OperationsYear Established: 1991
Form of Ownership: S Corp
Business Hours: M-F 8-5
Summary
Business Description:
Twenty-six year old business involved with the design, engineering, and manufacturing of overhead cranes. Capacity to build up to 15 ton crane systems, in house. Crane systems are used in a variety of "material handling" applications including water treatment facilities, military installations, injection molding & metal stamping plants, 2nd and 3rd tier automotive facilities, and general manufacturing and storage operations.
Owner Qualifications:
A desirable candidate for this business is one who possesses good business management experience and an understanding of manufacturing. Having a technical or engineering background would be a huge plus. Transferrable skills or industry experience will be required if SBA financing is pursued. This is NOT absentee owner.
Competition:
Very little.
Potential Growth:
Considerable growth opportunities available. Will be reviewed with qualified buyer.
LocationType of Location: Stand Alone
Real Estate for Sale: Yes
Real Estate: $200,000
Monthly Rent: $2,000
Square Footage: 4000
Facilities:
Property owned by seller. Buyer can either lease or purchase real estate assets.
Last Updated: Jan 5, 2018 / 11:37 AM
Financial Information Current as of: Aug 2, 2017 / 8:06 AM