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Precision Specialty Spring Manufacturer | FMA-116

Cleveland, Ohio

This specialized manufacturing company has developed a niche market producing a critical component for the automotive industry for over 50 years. The company maintains the highest level of certification for its manufacturing process, making a precision line of products that their long-term repeat customers rely on. The business is centrally located in an industrial park in a suburb of Cleveland, Ohio, with easy access to major roads and highways for transportation of supplies and products to customers around the world.

The company has focused on manufacturing a very narrow range of products, but the equipment and expertise of the technicians is in place to expand the range of products and add more manufacturing shifts. The company has recently added a website and has not pursued advertising, so increasing sales and marketing efforts could also yield rapid growth. The expertise of the staff, the equipment which the company owns, and the certification which it maintains are all valuable factors for adding to the range of products manufactured.

Operations are in an industrial warehouse that includes office space, manufacturing facilities, storage, and shipping facilities. The company and property are both for sale. The business runs smoothly with an experienced staff in place who are willing to stay after the sale. The owner is retiring and has been hands-off for several months.

This is an established business. This is not a new franchise or start-up opportunity.

Asking Price

$ 1,300,000

Gross Revenue

$ 1,384,328

Annual Cash Flow

$ 133,848 (2019)

Seller Financing

No

Inventory

$ 300,000

Inventory Included in price

No

Location

Cleveland, Ohio

Real Estate

Owned

Home Based

No

Relocatable

Yes

Franchise

No

Employees

8 FT | 5 PT

Year Established

1963

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