A composite fabrication company that has been in business for over 30 years. This company has a fantastic team in place that takes great care in the work they do. The business has many long-standing customers that they have worked with for decades. The owner has done a great job transitioning the customer relationships to the employees.
The owner understands the importance of a smooth transition and will work with a buyer to ensure that happens.
The business focuses on several industries, including boating, military, infrastructure, fuel containment, environmental, advertising, construction, and other industrial markets.
The business also has a product line that is not patented.
Financial Information
$300,000
Asking Price
$152,615
Cash Flow
$2,465,138
Gross Revenue
$285,000
Down Payment
Yes
Financing
Business Location
City:
Ohio
State:Ohio
Financing Comments
The owner is open to some seller financing for the right buyer.
Reason for Sale
The owner would like to retire.
Detailed information
Year Established:1975
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:Yes
SBA Prequalified:Yes
Full-Time Employees: 20
Part-Time Employees:N/A
Contractors:N/A
Owner Worked Hours/w:40
Inventory Included: No
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value:
$1,600,000
FF&E Included?: Yes
FF&E Value: $442,980
Market Outlook/Competition
"The U.S. composites industry remains positive and continues to show growth, driven particularly by the wind energy, aerospace, and construction industries. Overall, the U.S. composite end products market was valued at $26.7 billion in 2019 and is forecast to grow at 3.8% compound annual growth rate (CAGR) in the next five years to reach $33.4 billion in 2025. Glass fiber-based composites dominate the market, followed by carbon fiber-based composites."
- 2020 State of the Industry Jan 3, 2020
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