Machining, Manufacturing, & Distribution Business for Sale Jacksonville, FL Area

Florida Businesses For Sale

Custom Switch Manufacturer & Control Consoles

For More Information Contact
Southern Mergers & Acquisitions, Inc.
(904) 819-6930
info@southernmergers.com
Southern Mergers and Acquisitions, Inc.

Business Profile: Custom Switch Manufacturer & Control Consoles

Mfg-Electrical Prodt
Palm Coast
N771-BL

Purchase Information

$900,000

Financial Information

$600,000
$289,000
$520,000 Not Included
$150,000 Included
$750,000 Available

Other Business Information

1980
5

10,000

N
N
N

Business Description

This company manufactures products most on two broad categories: Electro-mechanical switches and control consoles, panels and support control equipment. They have in-house fabrication capabilities including CNC Machining, Engineering and Design, Stamping, Drilling and Tapping, Molding, Wire Harnesses, Labeling/Marking, Wiring and Assembly. Historically, many of their products have gone into the railroad and transportation industries.


All work is done to ISO 9000 standards and can certify MIL Standards. Historically a typical years sales are in the $600,000 range plus or minus $200,000. Sales in 2018 were approximately $600,000 with seller discretionary earnings of $289,000. However, the Seller did write down his inventory last year to reduce his tax liability.


The owner is well into in his 70's and is ready to retire. He owns the real estate which has about 10,000 total SF (7,500 down and 2.500 up) and is on approx. 2.4 acres situated in a very nice industrial park.


There is no formal appraisal on the real estate but the owner believes it has a fair market value of approximately $750,000 as the final price can be subject to a third party appraisal.

Please Note: All listings herein are exclusive to this listing office as of the date of submission. Information contained herein has been provided by the Seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary. No prospect shall receive the name of any listed firm until the STANDARD DISCLOSURE STATEMENT is signed by the prospect.

Southern Mergers & Acquisitions, Inc.

(904) 819-6930

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Southern Mergers & Acquisitions, a Jacksonville Business Broker Serving the Greater Jacksonville, Florida Area

255 S. Matanzas Blvd, St. Augustine, FL 32080 | (904) 819-6930