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Assembly/Light Manufacturing

Pawtucket, Rhode Island (Providence County)

Mfg. - Miscellaneous Manufacturing

Asking Price $125,000 Inventory $20,000* 
Gross Income $126,244 Real Estate  
Cash Flow Not Disclosed Year Established N/A
FF&E $100,000* Employees 4 f/t

* included in the asking price

** not included in the asking price

This company is a versatile assembly and light manufacturing company serving a multitude of industries. It can respond quickly to customer needs and is capable of producing limited runs. This is an ideal model for industries/companies who do not have large enough orders for off shore (China) manufacturing. The company has stamping, punching and cutting machines for cordage, bungee and strapping products. This could be expanded to utilize other materials. Currently the company is serving the following industries: Music Instruments, Sporting Goods, Outdoor Equipment, Jewelry, Electronics and Retail. Examples of products include: whistle lanyards, ID lanyards, helmet straps, music straps, jewelry braids, wrist bands and tent strapping to name a few.

Facilities: The current operation occupies 2,500 sq/ft but may be expanded to 5,000 sq/ft as volume increases. Includes office space and production facility. The building has 220V/3 phase electricity and has a very reasonable lease rate.

Competition: There are several manufacturing facilities in the area. However, they may not take on the smaller orders and the business is fulfilling this niche. The strategy of this company is to cater to other businesses in need of small orders and fast turn-arounds (one week).

Growth/Expansion: Owner has not been able to conduct sales calls. He believes that revenue can increase dramatically with a concerted sales effort. The owner is willing to fulfill this function. Sales projections for 2009 are expected to increase by 13%.

Support/Training: Owner willing to stay on for training for 90 days. Compensation to be determined.

Reason Selling: Owner wants to return to Sales and Manufacturing Representation.

Business For Sale By

Rob Stephens

508-990-9800

Coastal Business Brokers

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