Asking Price: $350,000
Gross Revenue: $500,000
Cash Flow: $89,000
FF&E: $50,000 (included)
Inventory: $50,000 (not included)
This business serves all platers that do Decorative Chrome on plastic and on metal. Zinc Platers, Silver Platers and Gold Platers. This is a niche business. Every item that requires plating must be placed onto a rack (a holder) before being immersed into the tank for the plating process. The rack has to be designed to fit the part. This company manufactures all of these types of racks.
Another profit center is to Rebuild existing Racks.
The closest competition to this company in Ohio is in Dayton. Someone in good health can increase the gross sales and net profit substantially. Prior to getting sick, they had net income of $195,000 a year.
The inventory is not included in the asking price and is approximately $50,000 at cost; it includes any work in progress.
There are two buildings. Each building has 3250 sq. ft. They are leased for $1500 per month.
There are 10 employees altogether. The Sellers are ill and are unable to keep up with the demand for their business. They will negotiate the amount of time they will be able to stay with the Buyer to assure a smooth transition.
They are currently located in Wickliffe, Ohio, but the business could be relocated.
Is there someone in the family who is prepared to take the business over and continue running it in a manner that demonstrates good business sense?
How do you transition yourself out of the business?
What are you currently doing or have you done to prepare for retirement?
You have already invested both sweat equity and money into building a business that has fed and cared for you and your family.
Can you retire comfortably knowing that the business is in good hands and will continue to prosper?
Can your sweat equity pay off when you retire?
We’ve been business broker / consultants since 1981. We’ve helped hundreds of business owners transition out of their business. That is our job.
Call us if you’d like to discuss the idea of Transition-Ing, Selling, and/or determining the Value of Your Business. I know we can be helpful in giving you insight at a turning point in your life.
Peter Vadas, President