Sold: Profitable Machine Tool Company--well positioned
(ID: 1102507)
|
$375,000
|
|
$725,000
|
|
$132,000
|
|
n/a
**
|
|
n/a
**
|
|
$140,000
++
|
Business Description
This company has survived the downturn and is headed to a very successful and profitable year. They have an excellent workforce, a great reputation amongst their clients and are at the point of growing out of the existing facilities. Most of the parts they produce go into guages, tooling, or other sub-assemblies. They have the ability to machine down to 50 microns and have done some impresive work recently. If you are interested in this kind of work, could see yourself bringing in new customers and accounts, then please respond by email and we'll send you the NDA.
About the Business
Year Established:
1990
Number of Employees:
10
Facilities:
Typical machine shop in size and quality. Great area of Oakland Co., easy access to expressways and customers. Fairly modern building with no issues.
Market Outlook/Competition:
Upside potential with the growth of the economy and retooling of the auto industry is significant. Always competition however this very successful company has a set of loyal clients and the reason is they do quality work at fair prices.
About the Sale
Reason For Selling:
Seller has another business that demands attention.
Training/Support:
Seller will assist but buyer should have a background in machining.
Cash Flow Comments:
EBITDA: $132,000
Seller Financing:
Cash out gets a big discount but some financing available.
