Annual Revenue: $744,000
Net Cash Flow: $150,000
Location: Glenn Falls Area, New York
This growing contract CNC Machine Shop is established for over 20 years. Included with the sale is a 4500 square foot building that is the company’s present location and also included is $100,000 worth of equipment.
Currently, the company has 5 employees with seniority levels of 20, 15, & 6 years.
Equipment: (3) CNC turning centers and (5) CNC machining centers. (4) of the machining centers have twin pallet changers. Of these twin pallet machines, (2) are vertical and (2) are horizontal machining centers.
Most of the machining center work is machining iron and aluminum sand castings. Most of the turning work in machining steel, nylon, and cast-iron cable and rope sheaves for our largest customer. These parts are used for rigging movable staging in the theater industry. The machine parts from standard steel bar stock on the turning machines and do a series of aluminum plates using vertical machining centers
The vast majority of the company’s customers are involved with products that are used in the construction of commercial and municipal buildings. Some of the products are electrical hardware that is used in commercial buildings, marine electrical, and municipal buildings. The cable/rope sheaves and some of the bar stockwork are purchased by the company that builds the equipment systems used in theaters and concert halls. They have been a customer for over 20 years.
FFE: $100,000 (Included in Price)
Real Estate: $150,000 (Included in Price)