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Details - Information last confirmed on October 21, 2020
This venerable Michigan manufacturer of material conveyance systems has been going strong for 70 years, and with the owners now at retirement age, they look forward to an orderly transition of their successful business to new owner-operators.
The company’s 28 experienced, loyal, long-time employees design, engineer, manufacture, sell, and install proprietary lines of equipment across the United States, Canada and Mexico. Installations range from single pieces of equipment to entire bulk resin systems with $1,000,000 price tags.
The equipment product lines are continuously re-engineered and refined resulting in products which are best in class and the most efficient on the market today. The degree of sophistication of the products has created a huge barrier to entry for would be competitors.
The company operates out of a late model 23,600 square foot facility which can be leased at market rates or purchased in a separate transaction for $1,400,000.
Over the past four years, the company, aided by repeat customers (some for literally decades), has maintained consistent annual revenues of $5,000,000. New business opportunities are generated by the company’s captive sales team and supplemented by independent sales representatives. Customers range in size from small shops to Fortune 500 companies.
4-year average revenue $5.3 million
4-year average income $.37 million
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