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