Hot Listing
Precision Grinding Platform in Northern Illinois #102
Business Description
This is an offering of a long-established, very profitable, family-owned, manufacturing services enterprise located in the greater Chicago area. This market leader provides contract precision grinding services including Blanchard, centerless, double disc, ID and OD; lapping (single and double-sided); honing and hard turning. Engineering and design assistance and project management are also part of the services provided to customers.
The company boasts annual revenue of approximately $8.2 million and
adjusted EBITDA of approximately $1.6 million. They have a strong reputation and
proven track record for providing the highest quality components, parts and services for
many different diverse industries.
The primary target customer is Tier 2 manufacturers and the secondary target customer
is Tier 3 manufacturers. With a list of over 2,000 satisfied customers served, there is no high customer concentration as the top customer is 7.7%.
The Seller is willing to provide a long transition with a new owner and have an experienced, skilled team in place in the business. This a very attractive, sought-after manufacturing
services-type acquisition for the astute buyer and won't last long.
The company boasts annual revenue of approximately $8.2 million and
adjusted EBITDA of approximately $1.6 million. They have a strong reputation and
proven track record for providing the highest quality components, parts and services for
many different diverse industries.
The primary target customer is Tier 2 manufacturers and the secondary target customer
is Tier 3 manufacturers. With a list of over 2,000 satisfied customers served, there is no high customer concentration as the top customer is 7.7%.
The Seller is willing to provide a long transition with a new owner and have an experienced, skilled team in place in the business. This a very attractive, sought-after manufacturing
services-type acquisition for the astute buyer and won't last long.
About the Business
- Years in Operation
- 47
- Employees
- 66
- Facilities & Assets
- Excellent facilities and premises condition, triple net leased with plenty of electrical power, all the included equipment-machines needed to currently run the business, real good location, and plenty of parking. Also included in the assets are the huge customer list with many recurring customers, all the software, vendor supplier list, business name, phone numbers, website, and more. Contact broker for full detailed list.
- Market Outlook / Competition
- The market is poised for significant growth by increased demand from many
sectors like aerospace, oil and gas, automotive, construction, medical devices,
and more, which all rely on precision machining services. 3 somewhat comparable competitors exist in the market, but this business is the only one that offers all the services in the form of a "one-stop" shop. - Opportunities for Growth
- The U.S. precision grinding manufacturing industry is experiencing strong growth,
driven by increasing demand for high-precision components across various sectors and
advancements in automation and technology. Manufacturing re-shoring initiatives also will drive increased demand for these services.
A new owner could improve outbound marketing and follow-up. Strengthen SEO for the websites, and aggressively seek accretive acquisitions.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 55,000
- Rent
- $34,000.00 per month
- Lease Expiration
- 7/1/2029
About the Sale
- Seller Motivation
- Seller looking to divest, exit this market, harvest his investment in the busine
- Transition Support
- Seller is willing to consider and mutually agree to a transition, training
and consulting agreement to help a new owner be successful under appropriate terms. - Financing Options
- Local bank financing - contact broker for info
Listing Info
- ID
- 2386909
- Listing Views
- 1507
Listing ID: 2386909 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleIllinois Businesses for SaleIllinois Manufacturing Businesses for SaleIllinois Other Manufacturing Businesses for Sale
