Description:
Abrasive manufacturing company located in the Greater Cleveland Area that provides various types of grinding, shaping and polishing items for use in the jewelry and craft industry. Most of the business is conducted over the phone and shipped by mail. Over the last 8 years they have built a very large distribution client base. They also have an exclusive contract with one of the largest abrasive providers. Their hours of operation are Monday through Friday - 8AM to 5PM. Every asset and machine that is included in the sale is in great working condition and has been maintained properly.
Please refer to listing ID: 204-2628
Industry / Segment:
Manufacturing / Other Manufacturing
Relocatable:
This business is not relocatable.
Franchise:
This business is not a franchise.
Home Based:
This business is not a home-based business.
Facilities:
This manufacturing company is located 10 minutes outside of Downtown Cleveland. They are five-miles from the highway and surrounded by many other businesses. This shop has 15,000 sq. ft. of work space and a very reasonable lease at $1,000 per month.
Market Outlook:
This company currently does advertising in the Yellow Pages and jewelry books. Its growth is based on contact and marketing for their product. They have enough space to run three shifts with the growth of business. There is one competitor located in Cleveland, but they only sell direct and not through distributors. Any possible competition is located out of state.
Mgmt. Training / Support:
The staff will continue with the new owner under the same guidelines of employment. The owner is willing to sign a non-compete agreement and they are willing to train or consult the new owner for at least 30 days.
Reason For Selling:
Owner is looking to pursue a different business venture.