The owner of Sumax, a manufacturer of products aimed at the Big Twin industry, is looking to sell his business for $880,000. The company is in Oriskany, N.Y.
According to a Sumax press release, Kirk Van Scoten founded the company more than 25 years ago, and its success has allowed him to retire. “Because he has built this business from the ground up, Kirk is very passionate about finding someone like himself who has a love for Harleys and a financial base to gradually take over Sumax,” the press release stated.
Sumax describes itself as three businesses in one:
- Taylor Cable — Van Scoten reportedly started out by designing and distributing Taylor spark plug wires and battery cables for motorcycles. They are now distributed in the United States, Canada, Europe, Asia and Australia, according to Sumax.
- Powder coating — five years later Van Scoten built a environmentally friendly facility where he began his powder coating process. Sumax claims to have been the first company to powder-coat only motorcycle parts, and says it’s known worldwide for producing a “glasslike finish that won’t discolor from the sun or motor heat.” The company says it’s the only powder-coater that S&S will continue its warranty with. Other clients have included Disney, MGM and NBC Studios.
- Fiberglass — in 1995 Sumax began producing composite fiberglass fenders and saddlebags. Sumax’s closed-mold process reportedly results in seamless saddlebag construction that is emission-free. Sumax not only has its own line of composite glass products, but claims to make them for several top names, including Arlen Ness.
The Sumax facility is an 11,000-sq.-ft. steel building in an industrial park. The building is clear-span (no supporting posts anywhere inside), allowing Van Scoten to change the interior as needed. The lot has about 250 linear yards “ready for expansion.” The building has natural gas heat with an air makeup that feeds filtered air into the plant.
Included in the selling price (depending on options negotiated) are all tooling and manufacturing equipment, office furniture and computers, as well as three high-end custom motorcycles and the Sumax van with 36,000 miles.
Whether a potential buyer wants to own Sumax at its present location or move it to the West Coast, Van Scoten is willing to work out different price options. Van Scoten says he will also remain on board until the new owner feels comfortable running the business.
For more information, contact Van Scoten at 315-768-1058 or e-mail him at email@example.com.