High Volume Metal Machining Company

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Asking Price:
$2,500,000

Gross Revenue:
$5,500,000
Cash Flow:
$700,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$250,000
not included in asking price

FF&E:
$1,300,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Experienced Metal Machining Buyers Only:

This 60 year old, well established $5.5+mm revenue precision machine shop is located in the City of Chicago. The Company produces products for non automobile industries such as high voltage electric, Pneumatics/Air, Marine, Elevator, Valve Liquid and Agriculture.

The Company specializes in precision machine parts such as screws, bolts, and other specialty parts. The Company uses only the highest quality manufacturing equipment such as Acme & Brown & Sharpe. In addition they have 15 CNC turning centers, lathes and machining centers. Headcount is around 40 employees.

The company is ISO qualified and has machines capable of making parts for the most cutting edge of new technology, but also keeps many of its older machines running to supply parts for any machine model. The Company prides itself on its competitive prices and attentive customer service.

Revenues were $4.936mm in 2017 and $4.75mm in 2016. The seller estimates revenues of around $5.5-6mm in 2018. Annual cash flows range from $670,000 to $800,000 for the past three years.

Interested buyers must be experienced in metal machining and allow the broker to verify their experience. Seller will not approve any buyers without current knowledge and experience. Ideal Buyer is someone looking to work with Seller over an extended transition period. Seller financing is available provided the Buyer is approved.

About the Business

Year Established:
1960
Number of Employees:
40
Real Estate:
Owned
Building Sq. Ft.:
18,000
Facilities:
Owned by Sellers
Growth & Expansion:
Seller has many growth and expansion ideas for the business.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Seller would like an extended training and transition with Buyer. Negotiable and flexible as to duration, responsibilities.
Seller Financing:
250,000

Listing Info

ID:
1521005
Ad Detail Views:
346

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Business Listed by

Jim Peddle

Playbook Corporate Advisory, Inc.
License# 310001536

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