Jun 13, 2020 — This 40 year old company specializes in alloy products and components of all types, but primarily for hydraulic hardware. The company sells hydraulic cylinder tubes and rods worldwide. Additional products of aluminum and alloy bars, forged steel fittings, cold rolled steel, brass products, stainless steel and more! 47,000 square foot warehouse with offices that house in excess of $1.5M in inventory – real estate is available for purchase or lease!
The company services 300 – 400 customers per year. No single customer accounts for more than 10% of the total revenue.
Revenue - $1,744,338
Profit - $443,158
The above numbers are directly from the tax return – no crazy add backs or manipulation of the numbers.
Assets - $230,000
Inventory, in excess of $1,500,000
This is an incredible opportunity – owner is past retirement age and health issues force the sale! The business has extremely consistent gross margins and net profit above 23%. The inventory alone exceeds the asking price on this business!
Seller will stay for transition to new owner for up to 2 months! This is an owner operated business and does not have internal staff that can manage the business.
Asking price $1.5M and seller is motivated!
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