Business Overview

Great opportunity to purchase a manufacturing company with an almost seventy year history of making quality products. The Joseph DeFontes Company is a leader in the cast aluminum lot maker field. This business is perfect for an individual who is mechanically inclined, has machining experience, and would like to work on their own. There is an established customer base and the potential for this business to GROW! This sale includes manufacturing equipment, raw material, inventory, office equipment, company vehicle, trailer, and maintenance equipment. The current owners are willing to train the right candidate and are willing to allow the use the of the current shop (for an agreed upon time) while the new owner is transitioning locations. Potential lease options for buyer.

Financial

  • Asking Price: $135,500
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 1953

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

The current owners are willing to train the right candidate and are willing to allow the use the of the current shop (for an agreed upon time) while the new owner is transitioning locations. Potential lease options for buyer.

Additional Info

The business was founded in 1953, making the business 69 years old.

Why is the Current Owner Selling The Business?

There are all sorts of reasons people resolve to sell businesses. Nevertheless, the real reason vs the one they tell you may be 2 entirely different things. For instance, they might say "I have way too many other obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may just be excuses to attempt to hide the reality of transforming demographics, increased competition, current reduction in earnings, or a range of other factors. This is why it is extremely important that you not count entirely on a seller's word, yet instead, make use of the seller's response together with your total due diligence. This will repaint a much more reasonable picture of the business's present circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses finance loans with the purpose of covering points like stock, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can mean that revenue margins are too small. Numerous organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that need to be fulfilled or may result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location bring in brand-new consumers? Often times, operating businesses have repeat clients, which form the core of their day-to-day earnings. Certain variables such as brand-new competition growing up around the area, road building, and employee turnover can affect repeat clients as well as negatively influence future earnings. One crucial point to consider is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business regularly, the higher the chance to develop a returning consumer base. A final idea is the basic area demographics. Is the business situated in a largely populated city, or is it situated on the outside border of town? Just how might the regional median house income effect future revenue prospects?