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Ag Metal Manufacturing. Branded. Custom.
The 40-year-old company produces custom agricultural products. These metal products are state-of-the-art and known for their strength and utility. The business operates a modern machine shop. The name is known across the Midwest. The owner is willing to stay on as an engineering and design consultant for a year or more if needed.
Listed By: Josh Grode Wolters
Listed By: Josh Grode Wolters
Background information
Reference:
5401-17317
Year established:
1983
Reason selling:
Retirement.
Finance
Sales:
$2,273,452
Profits:
$279,996
Operations
Employees:
8
Equipment:
Included in asking price $661,490
Inventory:
Included in asking price
Premises
Facility:
New equipment has been purchased over the last couple years. Shop is fully air-conditioned with a security system inside and out. Currently at 70% capacity and could take on more work if labor was available.
Location:
Sioux County, IA
Opportunities
Growth:
The Company is also a distributor for several brands in the industry. A proficient sales team could grow this aspect of the business without having to employ more manufacturing labor.
Price and terms
Price:
$2,500,000
Financing:
$139K down/$250K over 60 mos. @ 7%/Other Financing.
Training:
Will train for 4 weeks @ $0 cost. CAD software is currently utilized in the custom design work. This is something that could be learned or outsourced as needed.