SBA Approved Semi Absentee High Profit Manufacturing

This is a great chance to own a SBA pre-approved specialty manufacturing company that is currently semi-absentee managed. The owner works part-time hours only, and in his own words, "just comes in to count his money". Company is a metal products specialty manufacturing firm whose products are sold to other manufacturing companies for use in their own operations. The company also has a unique US government awarded contract (that owner states only they can service) which is a multi-year award that delivers very high margins and returns. The contract is for US DOD, but the specific deliverable is non-aggressive military use. The company must not be owned by a foreign national, however, as this contract can only be awarded to a US firm. Located in Riverside County, California. The real estate may be leased or purchased as the seller also owns the property. Current estimate of property value is $1.45M. A property purchase inclusion may work to lengthen the SBA bank financing, making a total purchase even more cash-flow friendly. Location: Riverside County, California Year Established: 1990 Number of Employees: 10 Real Estate: Owned Building Sq. Ft.: 5,600 Facilities: 5600 sq. ft. building houses all the equipment and office space. Very high-end and upgraded facility is a pleasure to see, and needs no improvements. Market Outlook/ Competition: Competition is there, but this company has such a strong presence and reputation that it currently turns project business away. Growth & Expansion: Business could grow considerably (65%+) just with addition of a second shift. No additional capex would be needed. A third shift could then add even more sales and profits. The owner states that the challenge is finding qualified labor, not obtaining new work.