A specialty electronic wiring, assembly, manufacturer of control panels designed for high volume and low overhead. Design and production manufacturing of electric and industrial controls for power generation, primary metals, original equipment manufacturing and material handling with nearly 100 different customers in +6 different diversified industries. Far more than a custom job shop, this is a specialty manufacturer for many clients with consistent manufacturing of branded product for numerous major industry players enhancing the branded nature of the business platform (60%). Seller notes no hazardous materials on site. High volume, low overhead, 14 direct bill employees with no unnecessary or excessive overhead. This is a UL 508A manufacturing facility, BV certified, Tier 1 supplier, large B to B supplier, custom BUS fabrication, prime Northeast Ohio location strategically located between Cleveland and Pittsburgh. Business activities include control center building, power distribution boxes, manual centers, drive assemblies, wire and control harnesses.
The company has a $200,000 office building and a $500,000 steel manufacturing building lined in brilliant white for optimal manufacturing, wiring and visibility. Entire control room building, component manufacturing, cabinet prefab and assembler. Copper BAR and high current application of systems up to 10,000 AMPS. Global worldwide supply with machine shop, fork lift, low capital intensive assembly oriented.
Business model of 14 charged employees reporting to one President with no (0) non-charged supervisors being a shallow, lean labor matrix with very low overhead and 4 team members prepared to assume the leadership role. A large customer base servicing customers worldwide with +80% repeat clientele positioned as the best product in the shortest period of time at the lowest cost. Remained open through COVID as products are often essential oriented.
Gross sales of $937,265.10, Seller Discretionary Cash Flow of $434,651 (46%), $56,500 furniture, fixtures, equipment, $700,000 of real estate and $1,750,143 sale price with owner retiring. Fresh financials updated by the CPA with EBITDA of $355,981. Ideal for synergistic, financial, or like organizations that can also bring projects to the company. If you have been looking for a proven, validated company in business +17 years in the electric control panel and components industry with gross sales of $937,265.10 (mostly labor), SDC cash flow of $434,651 (46%) and priced to sell at only $1,750,143, check this one out!
The real estate is presented by a Realty Group.
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