Sale Pending - This niche, profitable metal company has been manufacturing specialty knives and unique products since 1939. During World War II, they were called on to manufacture Tank Engine Slings. The device was a main component for all amphibious tanks needing engine repair. After the war, the company continued to be a primary source of knives for the wood products industry. In 1998, the company began also building knives for the auto glass repair industry and has continued to be a primary manufacturer of over 55 assorted proprietary tools in this sector to a national distributor. Located in central Massachusetts, the company has shown consistent sales and profits. The company no sales staff, no website and has excess capacity. They have two EMD machines that operate less than 20% of capacity. The company employs only 3 full-time employees of which several are highly skilled. The owner’s role is limited to doing some limited estimating, managing the business and working in the plant from time to time doing manual labor. The nature of the business is very low stress, as they are simply filling inventory levels on the bulk of their business. The property is a nice two-story building recently appraised at over $300,000 and sitting on 4.9 acres of land that could possibly be subdivided for residential development. The seller will sell the building and the business or just the business separately. The seller is looking to retire and willing to finance a good part of the deal to the right buyer. The ideal buyer for this business would be either a financial buyer seeking a consistent income from which to grow the business or another regional tooling company that wants to bolt on the sales and profits to their current business.
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