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37690 - Big Potential in Houston Manufacturer!


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From the Greater Houston region, local manufacturer specializes in designing, engineering and installing fire water pump systems, skid mounted packaged or modular equipment to its surrounding geographical region and some internationally. Since inception on 1984, company has serviced several markets and industries, such as Offshore Oil & Gas Productions, Petrochemical, and those needing parts repair among others. Headquarters is a prime 15,000 square foot facility that features nearly 12,000-sq. ft. of production area with the rest being office space and is altogether leased for $9,200 monthly, property is in excellent condition and able to of handle extra capacity. After a smooth transition period of one to three years, company is ready for an ambitious buyer to continue operations alongside a skilled team of thirteen nonunion employees with field experience. While marketing efforts consist mainly of maintaining their website and a proven-effective referral source system, growth opportunities exist by expanding to off-shore locations and achieve an even larger customer body. With instances of international business sales, listing was unaffected by the recent pandemic and reached Total Revenue values of up to $1,710,938 alongside Seller Discretionary Earnings amounts of $91,972 as of November 2021. Based on an independent evaluation!



Listed By: Steve Caimano

Background information

Seller Number:

37690

Year established:

1984

Reason selling:

Approaching retirement and/or pursuing other interests.

Finance

Sales:

$1,710,938

Profits:

$91,972

Profit type:

Discretionary Earnings

Operations

Employees:

13 nonunion.

Equipment:

$50,000

Inventory:

N/A.

Premises

Facility:

Leased.

Square footage:

15,000+/-

Opportunities

Market:

Website & Referral Sources.

Price and terms

Price:

$895,000

Financing:

Financing can be negotiable for the right buyer.

Owner Transition:

Owner Transition period of One to Three Years.