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

Florida Businesses For Sale

Material Handling Equipment Manufacturing company

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

Business Profile: Material Handling Equipment Manufacturing company

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Purchase Information

Financial Information

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$500,000 Available

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Business Description

This company manufacturers custom equipment for large industrial manufacturers. Many of the products are battery powered material handling related equipment for industries like automotive and other large industrial manufacturers. There business has several engineers who work with the customers engineering departments to make the products. This company sees itself as a solutions provider to his customers needs. Many of the products developed over the years could be marketed to other industries, but the owner of this business is a typical engineer - Very good at designing and building equipment but not very good at sales and marketing. He is now at retirement age and is looking for a buyer with a strong background in electrical or mechanical engineering and hopefully has some sales skills as well. The owner is willing to train as necessary. The company is debt free and there is no mortgage on the real estate with a FMV of approximately $500,000 (18,000 SF on 5 acres in an industrial park). The company has a fiscal year ending March 31st. Sales for the year ended 3/31/19 were approximately $1.4 Million which is a typical year. 2015 had sales of $3 Million and there are some big jobs that look promising which could result in another $3 Million year forth coming. There is no formal asking price and the Seller has an open mind to price and terms for the right buyer. He is sincere about selling and wants to step away from the business but can be retained for consulting as needed.

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