Manufacturing Company for Sale in Chicago
Chicago Manufacturing Business for Sale
The current owner started the business in the late 1960’s with a family member. They’ve been a supplier to the U.S. Government for more than 40 years. They have approximately $1,400,000 in manufacturing machinery and equipment, including several CNC machines and a plating machine. The average annual cash flow for the last 3 years was $968,534.00 and the average gross annual sales were $3,192,640. Payroll runs about $20,000 per week, on average and the current owner works 4 days per week or about 40 hours per week.
As with most businesses, there are areas of opportunity for growth for an acquirer:
- The website is very dated and not being used.
- Currently no new business development is taking place.
- Runs one shift per day.
Note: The current owner(s) prefer to sell the business & property together.
Asking Price/Business & Real Estate: $5,350,000 plus inventory
Gross annual sales: $3,192,640.00 (3-year average)
Cash flow: $968,534.00 (3-year average)
Value of furniture, fixtures & equipment: $1,400,000.00
Value of Real Estate: $695,000.00