The owners of this long-established manufacturer are ready to retire. This is not a simple job-shop. They manufacture a family of branded proprietary add on components that are attached to bulldozer blades giving them the capability to grade slopes at an angle. End users include contractors that grade land for home construction sites and state fire departments that utilize bulldozers to fight wildfires in hilly terrain. The Company has limited competition in the United States. Their products are rugged bolt on components that are welded from high tensile strength carbon steel. The Company’s revenues have been constrained due to the difficulty in hiring talented welders and mechanics who want to work and their customers’ frequently deferring delivery of their orders due to supply chain issues on their end.
The Company’s products are primarily sold to west coast bulldozer distributors who sell all the major OEM brand bulldozers. The average unit price of their product is $13,000. The Company’s second largest customer offers the Company’s product in their catalog. This is an excellent opportunity for an entrepreneur with a strong manufacturing background or the Company could be a bolt on addition to an existing construction company.
Financial Information
$979,500
Asking Price
$260,569
Cash Flow
$645,837
Gross Revenue
On request
Down Payment
Business Location
City:
Riverside County
State:California
Reason for Sale
Retirement
Detailed information
Year Established:1983
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:Yes
SBA Prequalified:Yes
Part-Time Employees:2
Contractors:N/A
Owner Worked Hours/w:N/A
Adjusted EBITDA:
$260,569
Inventory Included: No
Monthly Rent:
$12,316
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
N/A
Building Size: 8800
FF&E Included?: No
Training/Support
Transition and training by the seller
Facilities
Total of 8,800-sf at a monthly lease cost of $12,316, The facility lease expires in August 31, 2028 but the Company is allowed to exit in September 2024 or at any time after that.
Market Outlook/Competition
Upside potential includes investing in sales and marketing – they have relied on word of mouth and did no advertising in the past, developing additional products and upgrading their website.