Description of the business for sale
This listing is for an international manufacturing business and its retail sales arm both located in the northeast Chicago suburbs that are seeking a partner/investor. They specialize in the manufacturing and sale of sliding bearings. This business handles the manufacturing from raw materials to design, through production and distribution. Their customers cover the whole of the mechanical industry with applications that vary from heavy machinery and equipment to components for the hydraulic sector and the smallest of parts for the electromechanical industry. Their products can be used wherever there are rotary or translatory movements between mechanical parts. The products they have available vary from simple cylindrical or flanged bearings to thrust washers, strips and special parts. Their production capacity is approximately 200,000,000 pieces yearly. The business was up 20% in 2010. The business is looking for a financial, strategic or synergetic partner to expand sales & manufacturing. They are offering a 24% investment in their firm. The retail sales branch for the business (United States & Canada) is also being transferred with the sale. The sales branch’s main customers are from the oil field and aftermarket fields. They stock all standard sizes of bearing (manufactured by the parent company). Being a sales branch can offer customers same day delivery. Sales are focused on special materials realized especially for particular applications in the oil field market.
Support / Training provided by seller
Owner will train the buyer at no cost for 4 weeks.
Description of the facilities
Assets to be transferred with the sale of the business:
Inventory: $1,423,459
FF&E: $812,718
Other Assets: $51,998