Date: June 24, 2 PM EDT - Online and phone bidding only! The bidding will start at $500,000 and buyers may place a bid anytime online or via phone.
Location: 66889 Halfway Rd, Burr Oak, MI 49030
Seller: Tube Fabricators
Preview: By appointment only.
Auction Specialist: Nate Lehman - 574-349-8570 / nl@brightstarauctions.com
The auction includes all necessary equipment to continue operations, valued between $250,000 and $300,000, with around $250,000 in current inventory. Inventory is set at $250,000 for the bidding process, but will be assessed at cost and prorated at closing.
Tube Fabricators, Inc. was purchased in 1983, and serves industries such as agriculture, heating & cooling, automotive & RV. Our facility, located in Burr Oak, MI, has 40,000 square feet and fabricates many types of tubing from stainless steel, steel, aluminum, copper, & brass. Sizes range from .125 O.D. – 6.00 O.D. We manufacture inlets, outlets, & over flows for radiators for construction and manufacturing companies. Capabilities include mandrel bending, compression bending, and roll form bending as well as in-house welding and brazing.
Industry breakdown is approximately 50% agriculture, 30% heating & cooling, 10% RV, and 10% lawn and garden, construction and military.
The business sits on a 4.87-acre property near Burr Oak, MI, featuring a 37,887 sq ft manufacturing space, 1950 sq ft of climate-controlled office space with 3 restrooms, varying ceiling heights from 8’ to 14’, one dock, two overhead doors, and lighting options. It has gas heat, 800 amp/480 volt power, a 3-ton crane, and a well and septic system. Options for buyers include purchasing the real estate for $1.2 million, or leasing at $8,000/month for 2 years with a purchase option. Financial details available to interested parties upon signing a nondisclosure agreement.
Terms: The sale includes all equipment, customer lists, company name rights, and inventory. Successful bidders must pay a $50,000 nonrefundable deposit and sign a purchase agreement on auction day. The remaining balance is due within 60 days at closing, where legal and management rights are transferred. Options to buy or lease real estate require a separate agreement. Final sale is subject to seller's price confirmation.
