CNC Machine Shop
| Asking Price: | $1,000,000 | Inventory: | |
| Gross Revenue: | $643,470 (comments below) | Real Estate: | n/a |
| Cash Flow: | $156,024 (comments below) | FF&E: | $800,000 ** |
| ++ included in the asking price ** not included in the asking price |
| Gross Revenue Comments: Annualized for past 6 months |
| Cash Flow Comments: Owner's Discretionary Income |
Precision CNC Machine Shop. Manufactures down-hole tools and replacement parts for a major oilfield service company. Established business with highly experienced machinists/programmers and good reputation. Clean shop with good mix of new equipment (capacity has been more than doubled over past 30 months with addition of three new CNC machines). Business has been down this year, but prospects for improving results are good.
About the Business
Year Established:1976
Employees:3 full time - 1 part time
Relocatable:Yes
Facilities:4,700 square foot shop near major highway. Facility is available for $100,000, or can be leased, or buyer can relocate business.
Market Outlook and Competition:Activity and earnings have dropped significantly since the close of their past fiscal year (ending 9/30/2008), reflecting declining activity in the oilfield service area. Revenues for each of the past two fiscal years have been in excess of $2.5 Million and owner's cash flow over that period averaged $1.3 Million. Long term outlook is good, as business has established itself as a quality manufacturer that is able to deliver on time.
About the Sale
Management Training and Support:Owner willing to stay on for 3 to 6 months to aid in the transition and is willing to consider a longer part-time consulting arrangement.
Reason For Selling:Owner has other non-business interests he wishes to pursue.
Seller Financing:Seller willing to finance up to 40% of puchase price for qualified buyer.
KEYWORDS: machine, machinist, tools, packer, oilfield, CNC
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