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Sep 5, 2019 — Highly profitable metal finishing company located in the Syracuse, New York area. This company was created in 2013 and has been growing steadily. The seller own's the company occupied real estate which can be purchased or leased at the buyer's discretion. The company has 24 employees and the owner is basically hands off and is only responsible for strategic planning. All employees will stay on board after the company is sold (if needed) and will remain for as long as it takes to get the new owner up to speed. The company employs a great general manager who runs the day to day operations.
The company occupies a 14,000 sq ft building on 5.5 acres in an industrial park. The company pays all real estate expenses and pays $3000 monthly rent to the owner's real estate holding company. Real estate can be purchased for $275,000.
Current trailing 12 month EBITDA is $473,000 on TTM revenue of $1,790,000 (as of August 2019) and trending upward. Asking price is 4.5 x of TTM adjusted EBITDA at time of close.
Company has the following certifications: ISO 9001, AS 9100, ITAR Registered, Federal Firearms License, JCP Certified
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