Relocatable Wire-Forming Business For Sale

Donnie McKinney Coldwell Banker Commercial Realty Group 3906 Hinkleville Road Paducah KY  42001 Phone 270-450-2222 Fax  270-450-0132 Email Donnie   This company presents a unique opportunity to buy an on-going, profitable growing business that will pay for itself in a very short time period, and offer the potential for expansion. The owners are simply ready to retire and have no heirs to take over the business. The company has over 25 existing customers in twenty (23) states and two foreign countries, several of whom have been customers since the company's inception over 25 years ago.

This is a really unique opportunity. The business has DOUBLED IN VOLUME since we put it on the market. Three new customers were added in December, 2006. Two more new U.S. customers and one in Guatamala were brought on board in January, 2007. One new customer obtained in February has ordered frames every week, thus far, and is projected to purchase $3-5,000/week in product, increasing the current annual volume by nearly 60%. More new customers were added in April & May, with the newest one projected to buy over $250,000 in products over the next year.

Several more new customers have contacted them in in August and September because one of the shade manufacturers bought out one of the three active wire shops and has begun to turn down orders from his competitors. These customers are going to become customers of this company or its only major competitor. The present owners do not want any more business, but the opportunity exists for a new owner to likely quadruple the volume without much effort. The current owners are in retirement mode and simply will not take on more work than the can do in their 7 am to 2 pm work scheule.

The company has not lost any customers in recent years. The foreign customers pay cash in advance for orders. All others pay cash on delivery. No customers take over 30 days to pay. Actual cash revenues for the first half of 2007 confirms the rapid current growth in volume. Current year sales and earnings are still increasing monthly. This is the perfect time to take over this thriving business.

Even though this company does not have a salesman, nor does its owners attend any trade shows, new customers have recently called them after being referred by shade paper companies at the shows. Attendance at just a few of the trade shows would increase sales dramatically.

An interesting aspect of this business, for integration into an existing company wishing to expand its business base, is that the existing company has never had a salesman. This represents a great opportunity for a company with an existing sales force to simply add this new line of products.

The primary product is frame sets for lamp shades, and it is a leader in that field. Attesting to the high quality of its products, is the fact that every customer a sample has ever been sent to haas become a customer. The existing equipment is capable of producing over 25,000 units per week on one shift.

All equipment necessary for the operation of this business is included in the purchase price. Some of the machinery is proprietary. Several pieces of equpment are fairly new additions or replacements. The company has all the master forms necessary for any frame to be constructed. The estimated cost to replace the equipment included in the purchase price is in excess of $1,000,000. To view a list of the equipment, tools and supplies included in the purchase price, click here - Equipment List - to see pics of the equipment, click here - Equipment Pics

The ongoing business; including, tools & equipment, master forms, inventory, building and customer base, is available for immediate purchase. The Sellers will keep the real estate if a prospective purchaser already owns its own building.

The Sellers may be retained to load, ship, unload and set up equipment, if desired; as well as, provide training for the buyer's personnel. The shop foreman is willing to relocate, if desired, and go to work with the new owner. He has been with the company for twenty-five years, and is familiar with every aspect of the industry. This option could allow a new owner to experience a truly seamless transition into the business.

Give me a call if this business looks like it will fit into your business plan. After execution of a Confidentiality Agreement, I can send you more information, including operating statements, tax returns or anything else you might want to see to evaluate this business.

Confidentiality Agreement