MergerPlace

Mig, Projection & Spot Welding Company

Michigan (Oakland)


  • Asking Price: $375,000
  • Gross Income: $367,210
  • Cash Flow: $120,246
  • Real Estate: $700,000
  • Inventory: $2,500
  • FF&E: $230,000
  • Listing ID: #202410
  • Established: Not Disclosed
  • Employees: 5

Business Description

One of the few welding companies to survive and thrive many downturns over 34yrs. Besides mig, projection & spot welding, they provide custom solutions for projects requiring unique tooling, machining, R&D and prototyping. Customers include auto, agro, government and building trades. Includes an extensive list of costly equipment. Purchases must be familiar with this trade and ready to replace several retiring family members. Lots of excess capacity in the shop and office areas. Suitable buyer must be experienced in this industry or own a complementary business in need of production space.


Business Details

Primary Business Category: Manufacturing - Primary Metal
Location: Michigan
County: Oakland

Company Information

Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 5

Financial Information

Asking Price: $375,000
Gross Revenue: $367,210
Cash Flow: $120,246
FF&E: $230,000
Inventory: $2,500
Real Estate: $700,000
Seller Financing Available: No

Property Information

Facilities:

2 story cinder block. Main floor 9th lobby, 17,000sf 18ft manufacturing, several work & storage areas +3,200sf addition two 18' bay doors. Second floor 1,792 with full kitchen, restrooms, large office and lounge areas. One paved parking lot in front and second in gated area. Additional area behind the building for expansion.

Growth & expansion opportunities:

They have a great reputation with first and second tier auto suppliers. The addition of a complementary business offers the best growth potentials.

Competition:

This company has survived and thrived through several economic downturns including the automotive bailout. They are well known and have a great reputation in their industry.

Reason for selling:

Retirement

Support & Training:

Sellers will provide necessary training for a negotiated time period.

Contact Business Seller

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Business Listed By:

MARSHA BARNETT-KING

Inix Consulting and Brokerage