Metal pipe Manufacturer – Mandrel bending – 20 Years in Business

Price: $550,000

Location: Miami - Cuttler Bay

Industry: Other Manufacturing

Listing ID: 46854

Listing Status: New

Description

Well established and profitable Metal tube and pipe fabrication business – specializing in mandrel bending.
The Manufacture created 20 years ago is easily relocatable as all sales are made online and there are no local sales, no walk-in customers.
This is a stainless steel/ aluminized steel automotive leading manufacturer in the automotive exhaust system market specialized in "Mandrel bending, Exhaust tube and pipe products", including catback exhaust, downpipes, converters, bends, ...

The Company exports to Canada, the Caribbean, South America, and sells all over the the US. No walk-inn customers so it’s easy to manage your own schedule and tasks:
The clientele is mostly repeat Customers, mostly businesses, muffler shops, speed shops, fabrication shops.
Sales have been consistent over the years with tremendous growth during the Pandemic.
The machinery is nowhere near common to find in a shop this small and is capable of handling more than 10 times top line growth.

Margins are incredible and all sales are only made online though various established channels.
The Seller has kept hundreds of molds and the production is an easy and quick process.

The perfect Buyer is an ambitious Hands-on Owner who will easily see the huge potential to scale this business quickly.

LISTING DETAILS

Down Payment: $550,000

Total Sales: $489,515

Cash Flow: $145,664

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

Accounts Receivable Included: No

FFE: $180,000

FFE Included: Yes

Inventory: N/A

Operation

Year Established: 20

Year of last Acquisition: 20

Days & Hours of Operation: Mon to Friday 9AM to 5PM

Owner Hours Per Week: 40

Lender Pre-Qualified: Yes

Non-Owner Payroll: N/A

Employees: 1

Managers: 0

Absentee Owner: No

Security on Lease: Yes

Location

Real Estate: $229,000

Real Estate Included: No

Monthly Rent: $2,900

Type of Location: warehouse

Square Footage: 2800

Franchise: No

Relocatable: Yes

Summary

Facilities Information:

The Business operates Monday to Friday 10am to 6pm. Each warehouse is identical – approximately 1400 sq/feet each. The main warehouse is 100% for production and the 2nd unit is 100% storage. One warehouse is owned by the Seller and the other one is leased for $1,450/month including tax and water. This warehouse can also be purchased for $ 229,000.00.

Reason For Sale:

other interest

Training & Support:

The owner has always run the company with the intent of being able to scale it for LARGE growth. Meaning, the fabrication and processes that are used are the most simplistic form, knowing that one day it would have to be “taught” to an employee. The Owner runs the office the same way – Owner says it's easy to teach. The Owner is willing to stay and help for a smooth

Historical Summary:

The obvious advantage is instant sales and the branding history also makes it easy to launch new products because the brand has been circulating online for decades. With 10,000 facebook followers, the Company doesn’t even advertise. The equipment is designed to bend tube. They just happen to use it for automotive use. But there are many companies that use this exact same equipment for things like: HVAC, hand rails, agriculture, marine rails/towers, furniture, exercise equipment, etc. Meaning, there are many more opportunities outside of this current industry.

Owner Qualifications:

mechanical knowledge

Competition:

This is a niche Business, with very unique products and over 20 years in retail online business, which provides for a solid existing customer base and product brand. The products of this Company have been circulated online for over 20 years on: youtube, facebook, twitter, forums, reddit, Ebay –

Potential Growth:

The owner has always run the company with the intent of being able to scale it for LARGE growth. Meaning, the fabrication and processes that are used are the most simplistic form, knowing that one day it would have to be “taught” to an employee. The Owner runs the office the same way – Owner says it's easy to teach. The Owner is willing to stay and help for a smooth transition

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LISTING OWNER
There is no associated broker for this Listing.