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This is a unique opportunity to buy an established, profitable tooling design & build business for sale. This third-generation, family-owned and operated business is located in Eastern Iowa and has built a solid reputation over their nearly 100 years in business averaging $4.2 million in sales/year over the past 6 years. 2019 EBITDA was $769,651 and SDE $957,151.
This tool design & build job shop has a solid workforce of 30 well-trained and experienced, union and non-union employees. The tools they design and build are used in the manufacturing processes of their customers. Tools include fixtures for welding, machining, assembly operations and some die work for stamping and forming.
The sale includes a comprehensive list of Furniture Fixtures & Equipment which have been well-maintained. They utilize up-to-date design software.
This business holds a Preferred Vendor status with major industrial manufacturers. They are also proud of the many relationships they have secured and built over the years with national companies.
These third-generation owners are nearing retirement and are looking for fair market offers from capable buyers. A qualified buyer would have mechanical aptitude, a manufacturing management background and industry experience. Sellers will be willing to train a new owner during a transition period to be agreed upon. Experienced management is expected to remain in place.
Pertinent furniture, fixtures and equipment as well as inventory will be included in the sale. Equipment has been appraised at $743,946.
Real Estate is also available at Fair Market Value which includes an over 71,000 sq. ft. manufacturing facility situated on 3.95 Acres.
A confidentiality agreement/non-disclosure will be required before detailed information is disclosed. If you have are interested in learning more, please contact Megan Cox at [email protected] -- ------------.
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