Annual Revenue: $973,370
Location: Nassau County, New York
This company has been sold. Machine Shop with a consistent history of high profitability and large defense contractor customers with relationships ranging in duration from 12 to over 20 years. The Company fabricates specialty parts mostly for military applications. The Company provides custom programming to set up and prototype jobs and has expertise utilizing various computer aided design (CAD) software applications. There is a high reliance by the Company’s customers for high quality parts that meet stringent specifications. Once the parts have been set up in the system the incremental cost to manufacture additional units are minimal resulting in high profit margins on the additional finished products. The Company is an approved vendor for their customers and approximately 90% of revenues comes from repeat business.
The owners are seeking to retire however members of management would like to see the business succeed and would be willing to stay on for several more years should the new owner desire this.
The Company’s growth is currently limited by the capacity of its existing equipment and workforce. The Company cannot take on more business, and as a result, the Company does not actively market its services and seek new business and additional work is turned down. An investment in higher RPM machines and new technologies such as 3D printing, have been identified as opportunities that would increase capacity, capabilities and generate significant additional earnings within a very short period of time. Finally, the Company currently has no online presence — creating a website along with online marketing efforts would be expected to increase business substantially.
Employees:7Furniture, Fixtures, & Equipment (FF&E):Included in asking price
Facilities:3000 Sq Ft facility near major highways. Space includes shop floor with the machines and separate office space and warehousing space for parts and inventory.Financing:Seller is open to provide financing for right buyer
Support & Training:The sellers will provide full support and training to new buyer. One partner would be willing to stay with the new buyer for at least a year to integrate the business with the customers with a smooth transition.
Reason for Selling:Retirement
FFE: $300,000 (Included in Price)
Inventory: $60,000 (Included in Price)
Reason For Sale:
Retirement of Seller
Training & Support:
The sellers will give full support and training to new buyer.
Year Established: 1986
Type of Location: Stand Alone
3000 Sq Ft facility near major highways. Space includes shop floor with the machines and separate office space and warehousing space for parts and inventory.
New buyer should have metal machining experience or have partnership with individual or business that has this experience.
Seller is open to providing financing for the right buyer.