Annual Revenue: $6,037,000
Net Cash Flow: $968,569
Location: New Jersey
This company manufacturers precision machined parts and mechanical assemblies for the Department of Defense for use in its highly specialized equipment and machinery. The Company sells directly to the federal agency and indirectly to the Department of defense through subcontractors. In addition to parts and assemblies, the Company also sells an automatic power notcher machine for the HVAC and sign industries. They are organized as a fully integrated operation where all essential functions of design, machining, and inspection of finished parts are performed under one roof and under one responsibility. The Company utilizes both vertical and horizontal CNC mills with multiple fixturing and rapid tool-changing capabilities. This allows them to produce high volumes with superior precision and repeatability. Machining equipment includes a wide range of CNC lathes and turning centers, grinders, drill presses, and punch presses. This business has a full range of equipment for hot, cold, and vibration test procedures and an in-house paint shop. Prospective buyers should recognize the growth and expansion potential because they have $10 million of backlogged work. Additional growth could be obtained by adding more manpower, equipment, and a second shift.
Reason For Sale:
The owner is motivated and is looking to retire.