This company has been sold, view our manufacturing businesses for sale. They are a successful family-owned company in the lampshade manufacturing Industry. They have been in business for over 70 years and are strictly a B2B sales model. Most of their clients have been with them for a long time. Products are made on-site in its factory located in Central NJ. All of their products are made to order, eliminating any unsold products in inventory. It’s extensive materials and parts inventories help streamline them to make this company an efficient manufacturing operation. It is “continuous flow” manufacturing, where larger and smaller lots flow through together.
This company boasts one of the most advanced US lamp shade manufacturer network computer systems. It has developed sophisticated software that allows them to track and record all the details of an order. Every shade lot is scanned at every step in the process, which gives them info on production time and accountability for quality control. The system maintains an accurate virtual inventory that manages the purchasing and receiving of materials and parts. The price quote system looks up the last price paid for parts and determines the labor time for each operation, for 95% of the quotes. This company is a boutique high-end quality manufacturer. Their shades dominate booths at several prestigious high-end design trade shows and in the high-end “design arena” listed in the Architectural Digest.
The value of “ Made in America” is a must for customers in this space. Imports cannot compete with the high-quality demand of high-end users of their products. In this space, there are only a few high-end manufacturers left in the USA. This company dominates this market.
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This company has been sold, view our manufacturing businesses for sale. ISO9001 Electronic Manufacturing Facility with dedicated clients and proprietary products. Company consists of two divisions; Engineering and Manufacturing. Engineering department designs, tests, and develop specific products consisting of PCB boards and Electronic assemblies for specific customer applications. Manufacturing Facility manufactures the designed customer specific product for the client. At present the company serves approximately 20 clients. Facility is currently operating at about 40-50% capacity. Total Staff is about 15 employees.
Real Estate: Manufacturing facility is leased, approximately 13,000 sq. ft. at $5500 a month NNN. The engineering lab and main office is owner occupied. Building is approximately 7,000 sq ft and the lab and office space utilizes approximately 3,500 sq. ft. Building valued at $500,000 and is possibly available for sale.
Growth/Expansion Opportunity: At present the owner has chosen on maintaining the business in a passive manner. Outside sales, attending trade shows, new web site, and targeted advertising could grow the business to prior levels.
Equipment/Inventory : Equipment has a fair market liquidated sale valuation of about $350,000; Inventory is about $400,000
Reason for Sale: Seller Retirement – age – no family members to take over the business
Asking Price Includes inventory of $400k minimum, Equipment valued at $350,000, All other assets of the business. Real Estate is additional.
Transition: Ideal individual will have an engineering/manufacturing background. Owner will remain for extended period of time to ensure smooth transition.
Established more than 25 years
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This company has been sold, view our manufacturing businesses for sale. Machine Shop with a consistent history of high profitability and large defense contractor customers with relationships ranging in duration from 12 to over 20 years. The Company fabricates specialty parts mostly for military applications. The Company provides custom programming to set up and prototype jobs and has expertise utilizing various computer aided design (CAD) software applications. There is a high reliance by the Company’s customers for high quality parts that meet stringent specifications. Once the parts have been set up in the system the incremental cost to manufacture additional units are minimal resulting in high profit margins on the additional finished products. The Company is an approved vendor for their customers and approximately 90% of revenues comes from repeat business.
The owners are seeking to retire however members of management would like to see the business succeed and would be willing to stay on for several more years should the new owner desire this.
The Company’s growth is currently limited by the capacity of its existing equipment and workforce. The Company cannot take on more business, and as a result, the Company does not actively market its services and seek new business and additional work is turned down. An investment in higher RPM machines and new technologies such as 3D printing, have been identified as opportunities that would increase capacity, capabilities and generate significant additional earnings within a very short period of time. Finally, the Company currently has no online presence — creating a website along with online marketing efforts would be expected to increase business substantially.
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: 3000 Sq Ft facility near major highways. Space includes shop floor with the machines and separate office space and warehousing space for parts and inventory.
Financing: Seller is open to provide financing for right buyer
Support & Training: The sellers will provide full support and training to new buyer. One partner would be willing to stay with the new buyer for at least a year to integrate the business with the customers with a smooth transition.
Reason for Selling: Retirement
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