Manufacturing-metal product

Metal manufacturing-makes products sold in the region; established 40 years ago by the current owner who wishes to retire. Based in the Twin Cities of Minnesota. Makes “private label’ and their own product. Low tech-business provides custom welding for product manufacturing-and repair. Owner owns the facilities that the business occupies-about 18000 square feet -zoned I-2 and has outside storage.

Owner’s role is sales, estimating and general administration/management. There are about 15 employees; the business operates without the owner’s presence every day and when he is vacationing.

Sales have ranged from $2.5 million to over $3 million in the past 5 years; net income was over $620,000 in 2020 and the owner had a salary of over $100,000. The business is very busy at present with a large backlog of orders.

The asking price for the business is $2.5 million and for the land and building $1.5 million

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About Bob Griesgraber

Co-founder-President-Opportunities in Business. Established in 1981. Graduate-University of Minnesota, B. A. Graduate University of Missouri, M. S. Graduate University of Pennsylvania-Wharton School, Strategic Management. Member: International Business Brokers Association, Institute of Business Appraisers, Institute of Certified Business Counselors,Society of Business Analysts. Licensed-State of Minnesota

Contact the listing agent to learn more.